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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.


TSX:PXT - Post by User

Bullboard Posts
Post by pokerbeekson Apr 13, 2012 10:45am
387 Views
Post# 19790494

Not all bad

Not all bad

Two other decent points from the report are that they paid cash for new property: Hence: no dillution and that they are generating substantial operating cash flow.  

And secondly, they were also granted a 50 million dollar credit facility to help in the purchase so the banks are willing to bet on them.

Once again I hope this gets under 5 so I can load up some more...

 

 

 

Bullboard Posts