PHX Energy Services: Strong Cash Flows Fully Cover Generous Dividends

2025-11-09 10:40:00 ET

Introduction

Earlier this year, in the summer, I initiated a long position in PHX Energy Services Corp. ( PHX:CA , PHXHF ), a Canadian oil services provider. I liked the company for its strong financial performance, its ability to historically navigate through difficult times, and its strong relationship with a certain suite of clients and customers. While I am not expecting to see any miracles, I am more than happy to collect the generous quarterly dividends while waiting for oil prices ( CL1:COM) to pick up and to see the activity levels in the oil sector improve as well....

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