Cathedral Energy Services (CET.TO) Buy, Sell…

Cathedral Energy Services (CET.TO)

0.90

+0.01 (1.12%)

as of Jul 4, 2024, 7:58:53 pm Market Open.

42 watching

SELL

Provides services to oil/gas companies. Right now there is a problem on the gas side with a lot of the producers announcing cut backs in the short term. Gas pools are shrinking every year, so we need to drill more over the long term. Expects earnings growth to slow down, for at least the next 2 quarters. Would buy later on.

TOP PICK

Got decimated on the back of oil service stocks and income trusts. Well run. Manufacture measurement well drilling products. Lower gas well drilling has dropped, but feels that deeper wells will still go ahead. Strong growth rate. Distributes only 50% of its cash flow.

DON'T BUY

The oil service sector is in for a bit of a rough ride over the next couple of years. 8.5% yield.

BUY

One of the small cap oil service companies. Really good management team and good business plan. Do a lot of directional drilling. Have been some capital expenditure cuts by gas companies so drilling will slow down. This is reflected in the price. Has been nibbling at this recently.

WAIT

When oil settles down and when capital expenditures stop going down, this and other service/drilling companies could be looked at.

PAST TOP PICK

(A Top Pick Mar 10/06. Down 19%.) A smaller name, so more volatility. Law payout ratio and little debt on the balance sheet.

BUY

Stock is down and was a victim of falling gas prices. This company has a fair amount of business in the US in the Rocky Mountain region and has been growing rapidly. A good buying opportunity.

BUY

Energy service stocks do well when oil does well. This is a very good company in this sector. The best driller of paired horizontal wells in bitumen.

BUY

Provide rentals of drilling related equipment, mainly hardware and software. These services are in high demand. High ROE of about 23% for the past five years. No debt. Low payout ratio of about 50%.

BUY ON WEAKNESS

One of his favourite smaller cap oil service names. This is a good one for capital gains. Strong growth. Wait for oil to drop a bit before buying and the stock is off $.40.

BUY

Has had a strong record of earnings and distribution increases.

BUY

One of his top in the energy service sector.

TOP PICK

Cathedral Energy Services is a smaller cap name. He owns a small position in it and is considering expanding on it. Low pay out ratio and no debt on the balance sheet. Low evaluation.

BUY ON WEAKNESS

He would prefer to buy on the shoulder around 9 and a half. He likes the name and his company owns it in different funds.

SELL

The stock has done quite well over the last 12 months. It's been a warm winter, so it has been hard on a service company like this. We will see a lot of consolidation, and these will be the peak earnings of 2006.

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Cathedral Energy Services (CET.TO)