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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
Comment by hegemonicoblivionon Oct 28, 2014 6:00pm
284 Views
Post# 23069832

RE:Q3

RE:Q3Im not unhappy and will wait around until next batch of financials. Its up in the air in terms how
the market will react to good results, as Im not expecting anything mediocre. However, was conservative ages ago, as soon as the convertible debt extinguishment was announced. I sold
based upon  the inevitable (at least in my mind) conversion of debt into stock, causing a possible
decline in price. As well with all the headaches in Europe and uncertainty, in my opinion in China
(in terms of demand), I figured why not take a break... Im happy I did... will the stock double this
year.. If pricing remains the same or moves higher, and a suitor comes, anything is possible. Do I
expect to make 20 percent by the year end... yes.. or else why take the risk.
Bullboard Posts