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 > Comparisons

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Comment by JohnSPon Mar 13, 2023 9:03pm

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Post# 35336466

RE:Comparisons

Long PHX, 3rd largest position after CVE & CPG, and under water, but holding.

In recently posted presentation at Peter's & Co Jan 18 2023 Conference, see front "Fun Facts" slide: https://www.phxtech.com/presentations

Which includes:
· PHX is drilling 100 horizontal wells in N.A. today
· PHX will allocate $50 million to expand in 2023

· We have more demand for our services today than we do supply

· PHX will be able to increase our job capacity by another 25-30 active jobs per day compared to activity in 2022

Will be able, could well be 20 extra jobs, ~20% more revenue in 2023 . . .

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Advancing flagship Ishkõday Gold Project in Ontario