Post by
Adonis1411 on Feb 24, 2021 10:37pm
PHX Q4 Results
Looked pretty good. Revenue for Q4 up 38% for the quarter versus Q3 of 2020. Canadian revenues up 83% over Q3 and US revenues up 39%. Backing out the Russian discontinued operations would have made the consolidated revenue growth look higher still.
Hopefully CET sees similar growth across their two platforms. Based on change in rig count over the period, quite confident they'll see good growth in the US and very strong presence in Canada given the rapid drilling snapback (especially in higher value plays).
Comment by
tadjames1 on Feb 25, 2021 10:08pm
Picked up 100k at .16 based on their small float and knowing they are pretty low key and solid. The float is attracting and they seem to ride the waves well.... :)