Cathedral reported EBITDAS of $1.6 mm, ahead of our expectation of $nil due to stronger than expected U.S. directional drilling activity.
12 May 2016
1Q16 Results Ahead of Expectations; Covenant Issues Remain
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1Q16 Results Ahead of Expectations; Covenant Issues Remain
Cathedral Energy Services Ltd. (CET:TSE) | 0 0 0.7% | Mkt Cap: 69.1m
- Published:
12 May 2016 -
Author:
Ian B. Gillies -
Pages:
6
Cathedral reported EBITDAS of $1.6 mm, ahead of our expectation of $nil due to stronger than expected U.S. directional drilling activity.