PHX Minerals Inc. Announces Reaffirmation of Borrowing Base and Extension of Revolving Credit Facility
Posted on Thursday April 18, 2024
PHX Minerals Inc., "PHX" or the "Company" (NYSE: PHX) today announced that PHX's bank lending group led by Independent Financial has completed its regularly scheduled semi-annual redetermination of the Company's senior secured credit facility (the "Credit Facility") and reaffirmed the existing $50 million Borrowing Base with no changes to pricing, covenants or other material terms. Further, the Maturity Date of the credit facility was extended from Sept. 1, 2025, to Sept. 1, 2028.
Beta Shale, LLC (Derby Energy, LLC managed company) calls for shareholders to reject certain proposals in PHX Minerals current proxy statement.
Posted on Thursday April 18, 2024
Beta Shale, LLC ("Beta"), an Oklahoma City based oil and natural gas company that owns 1,559,910 shares of PHX Minerals Inc., "PHX" or the "Company" (NYSE: PHX), sent another letter of concern to the PHX Board of Directors on April 17, 2024 about PHX performance and future direction. In response to a disappointing Q4 2023 earnings call, Beta Shale, LLC will vote against proposals 1 (Election of Directors), 2 (Executive Compensation), and 4 (Shelf Registration) of current proxy statement (Form DE
Mighty Micro-Cap Stocks: 7 Tiny Companies Packing Enormous Potential
Posted on Thursday April 04, 2024
While most investors should concentrate the bulk of their funds toward large-capitalization, high-probability enterprises, there’s some room for micro-cap stocks. These securities undergird public companies that feature a market value of less than $300 million. One of the biggest elements that attract speculators to micro-cap stocks is their high beta or volatility. Basically, because these enterprises are so small, it doesn’t take much to move their per-share price points. That could lead to si
Positive Signs As Multiple Insiders Buy PHX Minerals Stock
Posted on Thursday April 04, 2024
When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase...
