Bullboard - Stock Discussion Forum Parex Resources Inc T.PXT

Alternate Symbol(s): PARXF

Energy Oil & Gas E&P

Parex Resources Inc. is a Canada-based independent oil and gas company in Colombia, focusing on sustainable, conventional production. The company is engaged in the business of the exploration, development, production and marketing of oil and natural gas in Colombia. The Company is focused on development in two main basins: Llanos and Magdalena. All of the Company's oil production and 87% of the... see more

Add To Watchlist

TSX:PXT - Post Discussion

Parex Resources Inc > Undervalued

View:

Post by cassius15 on Mar 17, 2024 1:54pm

Undervalued

PE of four, 7% dividend

no debt

middle east war

I have never seen a stock so undervalued!

https://finance.yahoo.com/news/parex-resources-announces-2023-full-234500611.html

earnings call transcript

https://www.investing.com/news/stock-market-news/earnings-call-parex-resources-reports-record-production-optimistic-outlook-93CH-3323629

182

Comment

Comment by unc12345 on Mar 19, 2024 10:29pm

I agree, company gets no love for doing things right. I personally am wondering about the benefit of all the stock buybacks. I understand how they work but I'm wondering if a solid dividend increase would get the stock moving in the right direction. I actually can't believe it's still in the low 20's with oil where it's at. I've been in this one ...more

107

Comment

Comment by tigris72poo on Mar 22, 2024 10:23pm

buying back stock at such a huge discount (4 x P/E) will enable PXT to pay higher dividends in the future. They should do a Dutch Tender for 10% of the company like GPRK

Comment

Comment by unc12345 on Mar 26, 2024 8:47am

I fully understand the concept of stock buybacks, but the point was..the company seems to get no credit for doing them, and for having no debt, over several years now.

Comment