PHX Energy Services (PHX) has notable insider buying

PHX Energy Services (T:PHX)

Cameron Michael Ritchie, CFO, acquired 18,000 Common Shares on an indirect ownership basis for registered holder Cam Ritchie Trust at a price of $8.200 through the public market on November 9th, 2023. This represents a $147,595 investment into the company's shares and an account share holdings change of 60.0%.

PHX Energy Services Corp. is a Canada-based oil and natural gas services company. The Company provides horizontal and directional drilling technology and services to oil and natural gas producing companies. The Company's segments include Canada, United States and International. The Company offers its services to oil and natural gas producing companies in the Canadian provinces of Alberta, Saskatchewan, British Columbia, and Manitoba and throughout the United States in the Gulf Coast, Northeast and Rocky Mountain regions. Its technologies include PowerDrive Orbit Rotary Steerable System (RSS), Atlas Motors, Velocity Real-Time System, Echo system, PowerDrive Orbit RSS, and P-360 Measurement While Drilling (MWD) system. It provides full service horizontal and directional drilling services. It offers gyro surveying services. It also provides survey management service. Its PowerDrive Orbit RSS is a focused push-the-bit RSS.