Bullboard - Stock Discussion Forum 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... see more

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PHX Energy Services Corp > Aug 7: "PHX Energy Announces Solid Second Quarter Results"

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Post by JohnSP on Aug 07, 2024 7:11pm

Aug 7: "PHX Energy Announces Solid Second Quarter Results"

Last paragraph of Outlook section:

"With the likelihood of fewer capital requirements and lower spending in 2025, we foresee an opportunity to produce additional excess cash flow that will allow us to continue to leverage our ROCS program to create rewards for shareholders. We will continue to prioritize maintaining our balance sheet strength with low debt and to leverage this position to continue both our dividend and NCIB programs to create shareholder value. We intend to make an application to the TSX to renew our NCIB for another year."