Phoenix Energy Services

PHX-T

Analysis and Opinions about PHX-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
March 24, 2016

(A Top Pick April 16/15. Down 70.71%.) Sold his holdings. It was a difficult story. As a supplier to the oil/gas industry, they really got squeezed.

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(A Top Pick April 16/15. Down 70.71%.) Sold his holdings. It was a difficult story. As a supplier to the oil/gas industry, they really got squeezed.

PAST TOP PICK
PAST TOP PICK
March 11, 2016

(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.

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(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.

TOP PICK
TOP PICK
April 16, 2015

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.

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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.

TOP PICK
TOP PICK
March 12, 2015

An oil/gas servicing company. A drilling company with a technology bent. They have technology that goes into a drill bit which allows them to send data back, giving live data constantly. They cut their dividend and brought down their debt. Dividend yield of 12%.

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An oil/gas servicing company. A drilling company with a technology bent. They have technology that goes into a drill bit which allows them to send data back, giving live data constantly. They cut their dividend and brought down their debt. Dividend yield of 12%.

TOP PICK
TOP PICK
March 4, 2015

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.

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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.

PAST TOP PICK
PAST TOP PICK
October 23, 2014

(Top Pick Nov 19/13, Up 4.37%) It got very expensive so he sold it in the spring. Part of their growth strategy was in Russia. If it got under $10, he would consider going back in.

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(Top Pick Nov 19/13, Up 4.37%) It got very expensive so he sold it in the spring. Part of their growth strategy was in Russia. If it got under $10, he would consider going back in.

COMMENT
COMMENT
June 25, 2014

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%.

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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%.

BUY
BUY
January 27, 2014

It does its own a thing within its own industry. Almost 7% yield. They distributed about $25 million in dividends but make $50 million soon to become $70-80 million. He thinks commodity prices are low because people are drilling like crazy. This will do well if the industry stabilizes.

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It does its own a thing within its own industry. Almost 7% yield. They distributed about $25 million in dividends but make $50 million soon to become $70-80 million. He thinks commodity prices are low because people are drilling like crazy. This will do well if the industry stabilizes.

TOP PICK
TOP PICK
November 19, 2013

(Top Pick Nov 5/12, Up 50.80%) You have to run with the stocks that are doing what you want them to do. These guys have a very good team. The stock is not expensive yet. Has known the company for 15 years.

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(Top Pick Nov 5/12, Up 50.80%) You have to run with the stocks that are doing what you want them to do. These guys have a very good team. The stock is not expensive yet. Has known the company for 15 years.

TOP PICK
TOP PICK
November 5, 2012

8% distribution. It can still get beaten up from here and maintain its distribution. He was looking for something that can survive.

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8% distribution. It can still get beaten up from here and maintain its distribution. He was looking for something that can survive.

DON'T BUY
DON'T BUY
October 12, 2012

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.

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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.

HOLD
HOLD
March 23, 2012
(Market Call Minute) Just initiated a dividend but it goes sideway from here.
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(Market Call Minute) Just initiated a dividend but it goes sideway from here.
DON'T BUY
DON'T BUY
October 17, 2011
Likes the technology and what they're doing but they have a tendency to have 3 good quarters in a row and then one bad one. He has been burned twice by them.
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Likes the technology and what they're doing but they have a tendency to have 3 good quarters in a row and then one bad one. He has been burned twice by them.
PAST TOP PICK
PAST TOP PICK
January 24, 2011
(A Top Pick Feb 2/10. Up 72.48%.) Sold when the valuation got extended.
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(A Top Pick Feb 2/10. Up 72.48%.) Sold when the valuation got extended.
PAST TOP PICK
PAST TOP PICK
December 16, 2010
(A Top Pick Dec 21/09. Up 62.14%.) Low fixed costs and high variable costs so in the worst month of drilling they can still make money. Sold it after first run up but when it came off, it wasn’t enough to get him excited. Not enthusiastic now but in 5 years it will be a key Cdn oil service business.
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(A Top Pick Dec 21/09. Up 62.14%.) Low fixed costs and high variable costs so in the worst month of drilling they can still make money. Sold it after first run up but when it came off, it wasn’t enough to get him excited. Not enthusiastic now but in 5 years it will be a key Cdn oil service business.
TOP PICK
TOP PICK
February 2, 2010
Natural gas price is low, but because it is a bull market. There is a lot of gas out there. Don’t have to take on the commodity risk. There are very low fixed costs to the business. If the world falls apart, it does not loose money. A brilliant business.
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Natural gas price is low, but because it is a bull market. There is a lot of gas out there. Don’t have to take on the commodity risk. There are very low fixed costs to the business. If the world falls apart, it does not loose money. A brilliant business.
BUY
BUY
January 6, 2010
Do some of the horizontal measurement in drilling applications. Have a nice niche in a sweet spot.
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Do some of the horizontal measurement in drilling applications. Have a nice niche in a sweet spot.
TOP PICK
TOP PICK
December 21, 2009
Natural gas is low so this is a good time to be here. This company has the ability to be a driller. Very low fixed costs and high variable costs. Even when the whole industry, part this one never went to negative earnings. 6% yield.
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Natural gas is low so this is a good time to be here. This company has the ability to be a driller. Very low fixed costs and high variable costs. Even when the whole industry, part this one never went to negative earnings. 6% yield.
TOP PICK
TOP PICK
November 10, 2009
By 2011 it will be a high dividending stock and will grow over the next year. He thinks this is rational for their business. Over the next year the natural gas price will recover. Distribution is safe.
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By 2011 it will be a high dividending stock and will grow over the next year. He thinks this is rational for their business. Over the next year the natural gas price will recover. Distribution is safe.
PAST TOP PICK
PAST TOP PICK
October 26, 2009
(A Top Pick Oct 31/08. Down 9.7%.) Needs a recovery in natural gas. Still a Buy.
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(A Top Pick Oct 31/08. Down 9.7%.) Needs a recovery in natural gas. Still a Buy.
BUY
BUY
September 21, 2009
Directional drilling services. In the last few weeks, with increased appetite for speculation in natural gas, these stocks have started to move. High ROE.
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Directional drilling services. In the last few weeks, with increased appetite for speculation in natural gas, these stocks have started to move. High ROE.
PAST TOP PICK
PAST TOP PICK
July 17, 2009
(A Top Pick July 17/08. Down 44.9%.) The guys you need when drilling shale plays and where the future in Canada will be. Perfectly positioned but currently there is too much competition. Should do well in 2 years down the road. 12% distribution.
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(A Top Pick July 17/08. Down 44.9%.) The guys you need when drilling shale plays and where the future in Canada will be. Perfectly positioned but currently there is too much competition. Should do well in 2 years down the road. 12% distribution.
PAST TOP PICK
PAST TOP PICK
April 24, 2009
(Top Pick May 15/08 Down 39%) We are seeing that these stocks are not confirming going to new lows. They are telling us the bottom is in
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(Top Pick May 15/08 Down 39%) We are seeing that these stocks are not confirming going to new lows. They are telling us the bottom is in
PAST TOP PICK
PAST TOP PICK
April 2, 2009
(A Top Pick July 17/08. Down 54.7%.) Horizontal driller. Decline in drilling has been more substantial among the regular drillers than on the multi-frac drilling. A lagging indicator, especially going into a slower season. She Shorted Precision Drilling (PD.UN-T) against it. Treat as a Hold.
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(A Top Pick July 17/08. Down 54.7%.) Horizontal driller. Decline in drilling has been more substantial among the regular drillers than on the multi-frac drilling. A lagging indicator, especially going into a slower season. She Shorted Precision Drilling (PD.UN-T) against it. Treat as a Hold.
TOP PICK
TOP PICK
October 31, 2008
Heavily into the horizontal drilling of the shale plays. Extremely well run. Just reported very good numbers. 10.3% yield.
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Heavily into the horizontal drilling of the shale plays. Extremely well run. Just reported very good numbers. 10.3% yield.
TOP PICK
TOP PICK
July 17, 2008
Horizontal driller with advanced technology that saves labour costs. In shale drilling. Because of uncertainty in the oil price, you don't want to be buying an oil company. 6% yield.
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Horizontal driller with advanced technology that saves labour costs. In shale drilling. Because of uncertainty in the oil price, you don't want to be buying an oil company. 6% yield.
TOP PICK
TOP PICK
May 29, 2008
Due to high oil/gas prices, demand for services is going to be very strong. This one has horizontal drilling technology.
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Due to high oil/gas prices, demand for services is going to be very strong. This one has horizontal drilling technology.
BUY
BUY
May 16, 2008
Because of higher gas prices, he is expecting an increase in the number of wells drilled, which will increase profitability.
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Because of higher gas prices, he is expecting an increase in the number of wells drilled, which will increase profitability.
BUY
BUY
April 25, 2008
For an oil driller with good growth potential, you want a company that will take advantage of the increase in activity for the tight gas in the Montney region, Horn River type shale. Companies that can drill directional wells and horizontal wells.
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For an oil driller with good growth potential, you want a company that will take advantage of the increase in activity for the tight gas in the Montney region, Horn River type shale. Companies that can drill directional wells and horizontal wells.
TOP PICK
TOP PICK
April 23, 2008
Their technology and directional drilling capabilities allows companies to access prospects economically. Average ROE is 29% over the last 5 years. Just raised their distribution 31%. Try to get this in the $12 to $12.50 range.
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Their technology and directional drilling capabilities allows companies to access prospects economically. Average ROE is 29% over the last 5 years. Just raised their distribution 31%. Try to get this in the $12 to $12.50 range.
BUY
BUY
November 8, 2007
Directly involved in oil field services. Involved in directional drilling tools both in Canada and the US. Low payout ratio and low debt. Cautious on the energy services sector.
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Directly involved in oil field services. Involved in directional drilling tools both in Canada and the US. Low payout ratio and low debt. Cautious on the energy services sector.
BUY
BUY
October 13, 2006
Last couple of quarters have been somewhat disappointing from an operational point of view. Directional drilling is not very cyclical. Reaching a point where you could look at it as a value buy.
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Last couple of quarters have been somewhat disappointing from an operational point of view. Directional drilling is not very cyclical. Reaching a point where you could look at it as a value buy.
BUY
BUY
September 7, 2006
An energy services company. Likes the sector and thinks it will rebound.
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An energy services company. Likes the sector and thinks it will rebound.
BUY
BUY
January 3, 2006
Brilliantly run. Was surprised when it became a trust. Doesn't march upwards very fast, but doesn't see any problems on the horizon.
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Brilliantly run. Was surprised when it became a trust. Doesn't march upwards very fast, but doesn't see any problems on the horizon.
BUY WEAKNESS
BUY WEAKNESS
September 8, 2005
Have been on fire for a few years now. Could be a takeover target. Likes this sector. Feels the price has moved a little too far too fast.
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Have been on fire for a few years now. Could be a takeover target. Likes this sector. Feels the price has moved a little too far too fast.
BUY
BUY
May 25, 2005
Has peaked and with the whole sector down a bit is now picking up. Good income. Should be one of constant survivors in the trust sector. Very good at what they do.
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Has peaked and with the whole sector down a bit is now picking up. Good income. Should be one of constant survivors in the trust sector. Very good at what they do.
BUY
BUY
January 14, 2005
A conglomeration of a number of different businesses in the oil service sector. Likes it. Numbers look good.
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A conglomeration of a number of different businesses in the oil service sector. Likes it. Numbers look good.
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