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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 > Asked my broker about pxt.to
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Post by cassius15on Mar 21, 2024 11:41am
171 Views
Post# 35945101

Asked my broker about pxt.to

Asked my broker about pxt.toHis reply-

I had a look as I don’t follow it.
 
Looks like fair value around $27
Lower risk and nice yield
 
Lots of insider buying by individuals and the NCIB and ~50% institutional ownership.
 
Seems like all the right pieces in place.
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