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.

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PHX Energy Services Corp > Recommendation

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Post by retiredcfon Apr 03, 2023 8:11am

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Post# 35375627

Recommendation

PHX is very cheap at 5X earnings. The balance sheet is decent and good growth is expected this year. Insiders are at 14% and have been small buyers. The last quarter was mixed, with a miss on EPS. The dividend was raised 50% and is likely fine. Earnings rose more than 110% in the 4Q. The sector party has faded but for the service sector it looks attractive to us today. Growth is expected at more than 100% this year (EPS) and slowing to 5% or so in 2024. (5iResearch)

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From now on, dynaCERT instead of Bitcoin or NVIDIA?