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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

Parex Resources Inc > If well results are positive, the share price will move
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Post by drunk@noon on Apr 07, 2023 9:30am

If well results are positive, the share price will move

a head of time of course. Just the way of the world. As such, I wonder how close we are to getting an answer. The Q4 conf call mentioned they were something like 65% complete in terms of depth, and gave a nebulous---we will get results in Q2---which doesn't narrow it down much i.e anywhere from April 1- till June 30th. The strong  makes sense--not on the basis of success or failure--but of favorible risk reward. As the shareprice reflects very little for any kind of monster exploration  step change upside to reserves/production.
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