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Most Anticipated Earnings: SLF-T, REAL-T and more Canadian Companies Reporting Earnings this Week (Nov 13-17)(A Top Pick March 4/15. Down 67.75%.) Last year was horrific for energy. He was being very defensive, and this one had the ability to stay solvent. He got stopped out. It looks like it is probably time now, from a cost-benefit, that you could really get some leverage buying one of the service companies with a 1-2 year outlook.
A horizontal drilling company. Have some great technology for the drilling side, which is really their key business. Trades at 18X earnings and pays a yield of 5.35%. Their technology allows them to get data back to the main place where they can analyse and see where the drilling is all going. Management is doing all the right things.
A high quality company that has been beaten up but has low fixed costs and high variable costs, so they can get through this and come out the other side. Directional driller. The problem is with the oil price and efficiencies in drilling on shale, he might like the oil price to come back to $80, but what if it is $65-$70. The one thing he can figure on is that wells are going to get drilled, so you will need drilling at some point.
Directional drilling is very interesting because we are going more towards pad drilling. However, you have to think about the placement of those vertical sections of the horizontal wells, which have to be distinct from each other. Valuation on this company seems to be reasonably okay. He tends to like this company. Dividend yield of over 5%.
8.5% yield. He advises not to buy based just on yield. He does not have fundamentals, but it is forming a strong base, which is positive. It formed a rally and then dropped back down again. This is not good and it means the rally fizzled. If you are going to buy it, use $8 as an entry level and then maybe on more positive news it will pop back up.
Phoenix Energy Services is a Canadian stock, trading under the symbol PHX-T on the Toronto Stock Exchange (PHX-CT). It is usually referred to as TSX:PHX or PHX-T
In the last year, there was no coverage of Phoenix Energy Services published on Stockchase.
Phoenix Energy Services was recommended as a Top Pick by on . Read the latest stock experts ratings for Phoenix Energy Services.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Phoenix Energy Services In the last year. It is a trending stock that is worth watching.
On 2025-04-04, Phoenix Energy Services (PHX-T) stock closed at a price of $7.62.
PHX has had very strong momentum over the last year and is also cheap at 6.5x forward earnings. Most recent quarterly earnings results were very good, recording a large beat on revenue and EPS. Outlook for 2024 forecasts a drawdown while 2025 will bounce back with good growth. It pays a high yield at 8.7% and the balance sheet is fine. It did stop dividends in 2016 however. The business is highly cyclical but with its customers (energy companies) holding high cash things look good right now. PHX's performance will be heavily tied to the energy sector, so investor sentiment regarding the sector will be the main factor influencing the decision to buy.
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