PHX Energy Services (re)profile - PHX.to
PHX Energy Services is a directional drilling company with strong cash flows supporting a C$0.20 quarterly dividend (~9.7% yield). Despite potential margin softening, the company has shown resilience due to its premium technology. Trading at a low valuation (EV/EBITDA ~3.4x) compared to peers, the stock offers upside potential. Key risks include the oil & gas capex cycle, but a strong balance sheet and a 'return of capital' strategy provide a tangible return for investors.
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