Those looking into stocks which have emerged as significant gainers in the past week could consider taking a closer look at the PHX Minerals Inc (NYSE:PHX) stock. The stock has made a steady upward move amidst strong interest and managed to clock gains of as much as 8% in the past week.
Although it is true that there has been no news at all about the company in the past week, it might be a good idea to take a look at a major development from back on September 3. At the time the company announced that it was successful in closing a four year senior secured facility worth as much as $100 million.
In addition to that, it should be noted that the initial borrowing base or new credit facility for the same stands at $27.5 million. This new credit facility in question has been led by Independent Bank and MidFirst Bank is also a part of it. This new credit facility also replaces the earlier arrangement that the company had in place with a syndicate of lenders, which was led by the Bank of Oklahoma. At this point, it might be a good move to add PHX Minerals to your watch lists.
See what other oil and gas investors have discovered in the energy field: Allied Energy Corp. (OTCMKTS:AGYP). AGYP is a gem because it is pumping oil from Texas and providing needed product as major suppliers are short in meeting demand in oil and gas. AGYP is different because it now produces barrels from proven well sites located on American soil.
