TSE:CET

Cathedral Energy Services (CET.TO)

0.90
+0.01 (1.12%)
as of Jul 4, 2024, 7:58:53 pm Market Open.
42 watching
0
BUY
Has had quite a run. Even at these prices, it looks like decent value. Relatively low payout ratio and very little debt.
WEAK BUY
Very well run company. Could see continued distribution increases. A little cautious in that companies are growing in this space by acquisitions and there are fewer and fewer companies that they can buy but there is more and more are services in oil trusts during the buying. When the party ends in the oil space, someone's going to be at all in the bag with a high-priced acquisition. Doesn't expect it will be this company.
BUY
He is bullish on the oil service sector. They don't have the direct exposure to the commodities. Likes this company.
DON'T BUY
Seeing a lot of the energy services going into the trust mode. Here you are even one step more from the basic oil and gas business. Energy tends to be a boom or bust sector. Cautious on the whole energy service sector.
WEAK BUY
Supplies oil companies with drilling services, etc. Has done very well. Margins are very high with oil companies' high capital expenditures and demand for drilling services. Caution. When this industry turns, it can turn quickly. Can be a volatile stock.
BUY
Right in the peak of a seasonal and demand boom in the oil patch. Provides horizontal directional drilling services. Looking at a spectacular 1st quarter. Likes for the short term. For the long term, these are very volatile types of businesses. Caution.
BUY
Well managed. Likes the space. Thinks distributions will increase going forward. Can get to $4 and then would sell it and move on.
WEAK BUY

Doesn't own because it's a very small cap which gives rise to liquidity concerns for their funds. Their activity in the oil patch should continue strong into 2005. Cyclical. Would suggest Newalta or CCS for a more stable play.

BUY
Yield is about 9 1/2 percent. Oil exploration should continue strong which will benefit oil servicing.
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