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.

TSX:PHX - Post by User

PHX Energy Services Corp

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Post by JohnSPon Sep 03, 2023 8:17pm

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Post# 35618433

Share Buybacks Summary

Jun 2023 (restarted towards end of month): 267,800 shares for CAD1,573,385.
Jul 2023: 1,573,385 shares for CAD8,076,353
Aug 2023: 908,200 shares for CAD7,101,009

Cumulative Total = CAD16,750,747 or ~ 4.24% of market cap, but if ignore June partial month, Jul & Aug are averaging 2%.month buybacks, but NCIB is only up to max 10%/year !!??

https://ceo.ca/api/sedi/?symbol=phx&amount=&transaction=&insider=

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