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Bullboard - Stock Discussion Forum 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... see more

TSX:PXT - Post Discussion

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Post by Kramerkarma on May 17, 2021 8:08pm

Q2 @65$

if ncib 4M @22$ leaves 114M$ CAD for capex / bank
Comment by Kramerkarma on May 18, 2021 11:30pm
risk reward is higher now. 44k bbl 5$ more per barrel and 2-3$ off each share with 3-4M shares repurchased is still better than Q1 results.
Comment by Kramerkarma on May 20, 2021 11:58am
typed it so fast didn't see the typo . 41k* boe average as of report . 31k per day . Looking at the bright side glad the ncib is active. Really the only positive besides longer reserves and time healing oil market while production is down .
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