Impact: Positive. PHX has announced that it has commercially released its DataStream EDR product line in Canada. The Company expects to be operating on 15 rigs in Canada by the end of 3Q16e and will aim to double capacity by early 2017e. This is a positive step for PHX in that it now has another business segment to which it can deploy capital. Commercialization is a positive step for PHX's EDR business, but it is still in its infancy and the Company will be competing against a much larger Com
06 Sep 2016
ANNOUNCES COMMERCIALIZATION OF EDR PRODUCT LINE
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ANNOUNCES COMMERCIALIZATION OF EDR PRODUCT LINE
PHX Energy Services Corp. (PHX:TSE) | 0 0 2.3% | Mkt Cap: 130.8m
- Published:
06 Sep 2016 -
Author:
Ian Gillies -
Pages:
2
Impact: Positive. PHX has announced that it has commercially released its DataStream EDR product line in Canada. The Company expects to be operating on 15 rigs in Canada by the end of 3Q16e and will aim to double capacity by early 2017e. This is a positive step for PHX in that it now has another business segment to which it can deploy capital. Commercialization is a positive step for PHX's EDR business, but it is still in its infancy and the Company will be competing against a much larger Com