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Bullboard - Stock Discussion Forum 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... see more

TSX:PXT - Post Discussion

Parex Resources Inc > Rising Oil Prices
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Post by retiredcf on Jun 17, 2021 7:45am

Rising Oil Prices

We will see higher crude oil prices as production continues to drop: Market strategist

Bill O'Grady, chief market strategist of Confluence Investment Management, breaks down the latest oil inventory data. He says that crude oil prices will need either U.S. dollar weakness or more rapid declines in inventory in order for the rally to continue.

https://www.bnnbloomberg.ca/video/we-will-see-higher-crude-oil-prices-as-production-continues-to-drop-market-strategist~2223362

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Parex Resources Inc