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 > Good Q2 Results Share Buybacks and Dividend Continues

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Comment by JohnSPon Aug 08, 2024 11:29pm

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Post# 36170750

RE:Good Q2 Results Share Buybacks and Dividend Continues

Indeed, they should merge with CES Energy Solutions (drilling and production chemicals), 1) both have same geographic foot print, 2) adjacent and thus synergistic industries, 3) PHX Chairman of Board is on CES Board, 4) both Canadian HQ so simpler merger.

That said I;m happy to receive my 8% divvy and 7% / yr (max 10% NCIB) share buybacks.

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