Parex Resources Inc T.PXT

The concern here is a extrodinary profits tax. And the...

[drunk@noon]

important factor here is the control of congress. Seems there is a real chance the lefties have a coalition to control the congress and with it, the lefty will be able to impliment his agenda. And while all the looney tune end oil stuff won't get passed--the low hanging fruit for an anti oil/business sentiment is a bigtime profit tax on 0 and g. THus anyone with any input re control of congress is welcome to share it. But from what I have read it looks like the house has been taken over by the lefties. Pres doesn't have power without it--see puru---but a lefty congress does likely mean bad news.

[Mrsixsix]

I'm of the opinion that anything short of nationalizing assets will leave PXT in a sound position. It's true they can raise taxes and the like, but PXT is in such a sound position financially I think it is an accretive investment. I don't think this share price will move dramatically $30+ until the board pivots from returning most of the FCF in the form of dividends instead of

[htmcontrol]

Exactly what I'm thinking