PHX Energy Services Corp PHXHF

Primary Symbol: T.PHX

Energy Oil & Gas Drilling

PHX Energy Services Corp. is a Canada-based oil and natural gas services company. The Company, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the United States. It also rents performance drilling motors and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, United States, Albania, and the Middle East regions. It also develops and manufactures technologies that are made available for internal operational use. The Company operates in two operating segments on a geographical basis throughout the Gulf Coast, Northeast and Rocky Mountain regions of the United States and throughout the Western Canadian Sedimentary Basin. Its technologies include PowerDrive Orbit RSS, Atlas Motors, Performance Drilling Motors, Velocity Real-Time System, Echo, 360 RWD System, and North Seeking Gyro.

TSX:PHX - Post by User

PHX Energy Services Corp

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Post by retiredcfon Nov 21, 2022 7:21am

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Would under $8 be a good entry price for PHX Energy Services?

PHX's business has been performing well in 2021 and YTD 2022. Earnings have grown substantially from the tailwind of high oil prices. The company is in solid financial position, paying healthy dividends. At 12X earnings, it is a bit more expensive than others in the sector. That said, the dividend was raised in August, and is now yielding 5%. We would be comfortable buying below $8. (5iResearch)

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