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PHX Energy Services Corp T.PHX

Alternate Symbol(s):  PHXHF

PHX Energy Services Corp. is a Canada-based oil and natural gas services company. The Company provides horizontal and directional drilling services and technologies to oil and natural gas exploration and development companies. The Company reports three operating segments on a geographical basis throughout the Gulf Coast, Northeast and Rocky Mountain regions of the United States, throughout the Western Canadian Sedimentary Basin, and internationally in Albania. Its technologies include PowerDrive Orbit Rotary Steerable System (RSS), Velocity Real-Time System, Echo system, PowerDrive Orbit RSS, P-360 Measurement While Drilling (MWD) system and others. It also supplies technology to the Middle East regions. Its Canadian directional drilling operations are conducted through Phoenix Technology Services LP. Its United States operations, conducted through its wholly owned subsidiary, Phoenix Technology Services USA Inc. (Phoenix USA).


TSX:PHX - Post by User

Post by drunk@noonon Feb 28, 2024 3:14pm
150 Views
Post# 35904669

A year from now, when 5 BCF/day of nat gas is going into

A year from now, when 5 BCF/day of nat gas is going intothe latest round of new build LNG plants coming onlline in the US and LNG Canada add's 1.8 bcf/d of demand in Canada, a firm  floor of 3-4 dolllars will be put into the price of nat gas,  with a likely average spot price likely hitting double that depending on the season/weather. Cashflow will be through the roof for all these service companies, let alone the gems like PHX. In the meantime, you will benifit from owning a company making a measly  mid to high teens in free cashflow that shrinks the shares outstanding and pays you at close to 9% in dividends at the current shareprice. 
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