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Parex Resources Inc T.PXT

Alternate Symbol(s):  PARXF

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

Comment by RAWCOLTYon Aug 17, 2022 11:24am
768 Views
Post# 34902145

RE:RE:Hate being that Guy... But I told you this would happen.

RE:RE:Hate being that Guy... But I told you this would happen.Unfortunately the Oil business is a zero sum game... PXT can not alter the price of oil by curbing production.... No matter what they do the valuation of PXT uner this Tax profits heavily government leads to a much lower Cash flow which when discounted leads to a substancial lower Market Value. This is an unavoidable truth until a new more Conservative Government has the Stones to eliminate the extra Taxes. This is note guaranteed by the way...  All Governments love taxes Conservative and Socialist, it's just that Socailist Governments are almost always the ones that introduce them!
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