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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 oil, natural gas and natural gas liquids (NGL) proved plus probable reserves are located in the Llanos Basin of Colombia with the remaining oil reserves and production located in the Magdalena Basin of Colombia.


TSX:PXT - Post by User

Parex Resources Inc
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Post by BlueBullzeron Jun 19, 2012 4:51am
354 Views
Post# 20028581

Comparison

Comparison

I'm just doing some research and i'm curious as to why this stock is trading at 10x the amount Canacol Energy (T.CNE) is trading at when they both have approximately 11 000+ Bopd.  I understand that reserves come into play as well.... but still.... .55 cents vs 5.00+.  Some insight would be greatly appreciated.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities