PHX Energy Services Corp T.PHX

Alternate Symbol(s): PHXHF

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 > Jul 4: PHX Buybacks Re-Started in June

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Comment by JohnSPon Aug 08, 2023 6:58pm

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Post# 35578537

RE:RE:Jul 4: PHX Buybacks Re-Started in June

Looking further at numbers, I think they bought ton (for them) of buybacks in Q3 YTD as 1) existing NCIB expires Aug 16, 2023 and new annual NCIB applied for but not yet approved, and 2) declining CapEx required as ordered lots last year and rig count declining.

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