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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 > NCIB
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Post by ROIcrusaderon Jun 10, 2021 12:05pm
352 Views
Post# 33362787

NCIB

NCIBI find it amazing that Parex is purchasing and cancelling 10% of their share float in 2021 using cash flow, WHILE they've accumulated another 200mil in working capital at at $65 Brent. Hopefully things calm down in Columbia and the real value of this co is realized. With brent at $75 imagine what another $10 of netback can do for the bottom line on 46k bbl of production. 

PowerPoint Presentation (parexresources.com)

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