ACT Energy Expands U.S. Footprint With $47 Million SB Directional Acquisition

Cathedral Energy Services ( (TSE:ACX) ) just unveiled an announcement.

ACT Energy Technologies has completed the acquisition of U.S.-based SB Directional Services for approximately USD $47 million, paid through a mix of cash and share issuance, in a deal that significantly expands its U.S. footprint. To fund the purchase and enhance financial flexibility, the company amended and upsized its syndicated credit facility, boosting total capacity and U.S. dollar availability while also creating room to refinance a previously issued exchangeable promissory note.

The transaction marks ACT’s second U.S. directional drilling acquisition in 2026, positioning it among the more active directional drilling providers in North America by job count and strengthening its presence in the Anadarko and Permian basins. By retaining the SB Directional brand and management team, ACT gains added operational depth and scale that it expects will support higher free cash flow generation, positive net earnings, and an enhanced competitive stance in the independent directional drilling market.

The most recent analyst rating on (TSE:ACX) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Cathedral Energy Services stock, see the TSE:ACX Stock Forecast page.

Spark’s Take on ACX Stock

According to Spark, TipRanks’ AI Analyst, ACX is a Outperform.

The score is driven primarily by solid fundamentals (positive profitability, manageable leverage, and strong free cash flow), supported by constructive technical trends. Valuation is a major positive due to the very low P/E, while the main risk factor is the step-down in TTM profitability and slight revenue decline versus 2024, consistent with cyclical normalization.

To see Spark’s full report on ACX stock, click here.

More about Cathedral Energy Services

ACT Energy Technologies is a Calgary-based oilfield services company that provides high-performance directional drilling services and downhole technologies to North American energy producers. Operating under multiple brands in Canada and the U.S., including Altitude Energy Partners, Discovery Downhole Services, Rime Downhole Technologies and Stryker Directional, it focuses on improving drilling efficiency and reducing project costs for its clients.

Average Trading Volume: 81,600

Technical Sentiment Signal: Buy

Current Market Cap: C$247.9M

For an in-depth examination of ACX stock, go to TipRanks’ Overview page.