Last C$4.54 CAD
Change Today -0.08 / -1.73%
Volume 47.2K
CET On Other Exchanges
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As of 3:57 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

cathedral energy services lt (CET) Snapshot

Open
C$4.70
Previous Close
C$4.62
Day High
C$4.70
Day Low
C$4.52
52 Week High
10/31/13 - C$6.25
52 Week Low
03/18/14 - C$4.03
Market Cap
164.6M
Average Volume 10 Days
70.4K
EPS TTM
C$0.03
Shares Outstanding
36.3M
EX-Date
09/26/14
P/E TM
151.3x
Dividend
C$0.33
Dividend Yield
7.10%
Current Stock Chart for CATHEDRAL ENERGY SERVICES LT (CET)

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cathedral energy services lt (CET) Details

Cathedral Energy Services Ltd. provides various oilfield services to oil and natural gas exploration and development companies in Canada, the United States, and internationally. The company operates in two divisions, Directional Drilling and Production Testing. It offers horizontal, directional, and underbalanced drilling services; and services through measurement while drilling systems, which are installed in the drill string to provide real time measurements of basic trajectory parameters such as inclination, direction, tool-face, and temperature. The company also provides downhole tools, including performance drilling mud motors, hydraulic mechanical drilling jars, long and short shock tools, string and near bit stabilizers, mud motor stabilizers and offset pads, crossover subs, single shot kits, and slick and flex non-magnetic drill collars, as well as floats, float subs, and protectors; and engineering and well planning services. In addition, it offers completion services for frac stimulation and recovery, propane frac recovery, inlines, absolute open flows, vapor recovery, swabbing operations, production tests, multi-pad wells, drillouts, well clean-ups and work-overs, abandonment operations, and bleed-offs. Further, the company provides production testing services comprising flowbacks after well stimulations; flow tests to determine the size and potential of reservoirs, as well as deliverability of gas wells; and vapor recovery services. Additionally, the company is involved in the resale and rental of equipment. Cathedral Energy Services Ltd. is headquartered in Calgary, Canada.

686 Employees
Last Reported Date: 03/10/14

cathedral energy services lt (CET) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$258.0K
Co-Founder, Chief Operating Officer, Executiv...
Total Annual Compensation: C$302.0K
Vice President of Research and Development
Total Annual Compensation: C$250.0K
Account Representative
Total Annual Compensation: C$150.0K
Vice President of Sales
Total Annual Compensation: C$250.0K
Compensation as of Fiscal Year 2013.

cathedral energy services lt (CET) Key Developments

Cathedral Energy Services Ltd. Announces Consolidated Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Spending Guidance for the year 2014

Cathedral Energy Services Ltd. announced consolidated unaudited financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $56,797,000 against $45,639,000 a year ago. The increase was attributed to both Canadian divisions and U.S. directional drilling operations which were offset by declines in U.S. production testing and international operations. Earnings before taxes was $1,023,000 against loss before taxes of $681,000 a year ago. Net earnings were $253,000 against net loss of $309,000 a year ago. Net earnings per diluted share was $0.01 against net loss per diluted share of $0.01 a year ago. Earnings from operating activities was $1,151,000 against $240,000 a year ago. EBITDAS was $6,151,000 or $0.17 per diluted share against $5,342,000 or $0.15 per diluted share a year ago. Funds from operations was $3,767,000 or $0.10 per diluted share against $3,576,000 or $0.10 per diluted share a year ago. Cash flow from operating activities was $11,758,000 against $7,469,000 a year ago. For the six months, the company reported revenues of $124,817,000 against $99,713,000 a year ago. Earnings before taxes was $3,899,000 against $2,106,000 a year ago. Net earnings were $2,702,000 against $1,750,000 a year ago. Net earnings per diluted share was $0.07 against $0.05 a year ago. Earnings from operating activities was $5,120,000 against $3,791,000 a year ago. Cash flow from operating activities was $13,352,000 against $2,728,000 a year ago. Property and equipment additions was $16,979,000 against $13,174,000 a year ago. Intangible asset additions was $338,000. EBITDAS was $14,732,000 or $0.41 per diluted share against $13,934,000 or $0.38 per diluted share a year ago. Funds from operations was $11,887,000 or $0.33 per diluted share against $11,083,000 or $0.30 per diluted share a year ago. Cash flow from operating activities was $13,352,000 against $2,728,000 a year ago. the company invested $16,979,000 in property and equipment excluding non-cash items against $13,174,000 a year ago. Net property and equipment additions was $13,779. Net debt was $21,604,000. The company announced that its 2014 capital budget remains at $24,000 which includes $12,000 of growth capital, $8,000 of maintenance capital and $4,000 of infrastructure expenditures.

Cathedral Energy Services Ltd. Approves Third Quarter Dividend Payment on October 15, 2014

Cathedral Energy Services Ltd. approved a 2014 third quarter dividend in the amount of $0.0825 per share which will have a date of record of September 30, 2014 and a payment date of October 15, 2014.

Cathedral Energy Services Ltd. Announces Executive Appointments

Cathedral Energy Services Ltd. announced the appointment of Michael F. Hill, MBA, P. Eng., as Chief Financial Officer effective September 1, 2014. Mr. Hill comes to Cathedral with significant financial and operating experience after holding senior roles in finance, strategy, business development and mergers and acquisitions across a wide range of industries including oilfield services. Most recently Mr. Hill was Chief Operating Officer at Mosaic Capital Corporation. As CFO, Mr. Hill will be responsible for finance, accounting, risk management and investor relations with a focus on strategy and business development. In addition, Cathedral announced the appointment of Kevin Miller, CA as Director, Finance and Accounting. Mr. Miller has been with Cathedral since 2008 when he joined Cathedral as Corporate Controller. Mr. Miller will oversee Cathedral's financial reporting, treasury and tax activities.

 

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