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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 dean68on Jul 05, 2012 7:52pm
496 Views
Post# 20086696

Still no production growth

Still no production growth

First. Half of 2012 and there is still inability to grow production. These guys are giving guidance of somewhere between 10,000-12,000 not much help there, one would expect that if there was any confidence from management they would be able to tighten their range. Shows me that they are in the dark with what they can bring on line within a 12 month time frame. 

18 months since they had made money for shareholders, looks like we are still on the path to no where for the foreseeable future.

 

Nice to see that they are sharing with their friends....  Stock is down 4.5% on the day of the release prior to any news coming out, someone knew that pxt dissapointed once again. 

Bullboard Posts