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

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TSX:PXT - Post Discussion

Parex Resources Inc > Debt free

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Post by Frank007 on Jul 27, 2023 11:18pm

Debt free

So what ...Frontera has a 6.2% debt .....inflation is 8% ....so. Money is free to leverage up ...Parex just keeps producing instead of aquiring cheap assets ....Yike now. Buy assets use debt ...but buy assets to grow the oil price is going over $100 for sure ....would you not want a piece up fronteras Guyana discoveries ? On the cheap .....right. Frontera shares $10.41 ......the Guyana asset alone is worth $58 u s $ per share .....yet debt free Parex ...sits on its cash ...lol.

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Comment by unc12345 on Aug 03, 2023 10:08am

Oil price is going over $100 for sure? Hmm...I guess bet the farm then. But I have not experienced any "for sures" in a quite a long time in the price of oil. The only one I can remember is when the price of oil briefly went negative. It for sure was going up. I agree with you that the price is likely going higher based on fundamentals, but the price trades ...more

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