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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 SleepingGiant64on Mar 01, 2024 4:27pm
162 Views
Post# 35910297

RE:Normal Course Issuer Bid Update

RE:Normal Course Issuer Bid Update
They paused it for 3 weeks at the start of January but at 0.5m, it looks like it ran at the usual 20,000/day rate in Feb, which should be another 5.5m shares this year. That would get the share count under 100 million. I wonder if they switch to paying it all out in fixed/variable dividends after that.

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