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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 > Oil Mispriced
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Post by retiredcf on Jan 23, 2024 11:12am

Oil Mispriced

Crude oil should be pricing in about $12 in geopolitical supply disruption risk: energy expert

Clay Seigle, global oil service director at Rapidan Energy Group, joins BNN Bloomberg to talk about the main geopolitical risks for the oil market. Seigle says there is a 30 per cent chance Iran becomes directly involved in the Middle East war, which in turn could result in a $40 spike in crude prices. However he says right now we're seeing 'virtually zero' geopolitical risk premium built into the price of oil.

https://www.bnnbloomberg.ca/video/crude-oil-should-be-pricing-in-about-12-in-geopolitical-supply-disruption-risk-energy-expert~2852687

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