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PHX Energy Services Corp PHXHF


Primary Symbol: T.PHX

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

Post by JohnSPon Oct 10, 2024 9:52pm
136 Views
Post# 36262065

2024-09-10/12: Presentation, Peters & Co Energy Conference

2024-09-10/12: Presentation, Peters & Co Energy ConferenceJust noticed the subject presenation was posted on PX website: https://www.phxtech.com/_files/ugd/389610_277bb97ce7db4ea996e027af02836bc7.pdf

Normal stuff, interesting bits:
1) "our outlook for the US division is slightly more cautious than at the beginning of the year."
2) "With anticipated lower spending and fewer capital requirements in 2025, we foresee the ability to produce additional excess cash flow that will continue to create rewards for shareholders through our ROCS program"
3) Last page is listing of major shareholders (I'm not listed), Directors and Officers = 14%.
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