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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 Swing4theFenceon Apr 18, 2020 7:56pm
315 Views
Post# 30926088

Hoping for lower prices in May

Hoping for lower prices in MayI am a big fan of PXT and the strength of their balance sheet to ride out this storm and knock it out of the park in the long run.  I think mid $13s is good long term value but I could see a dip back down with peak oil storage playing out over the next couple of months.  Hoping for the W bottom here, not sure I will get an opportunity to buy lower again.  A breakout above $15.18 ( 04/09 high ) might be worth buying as well if PXT wants to fill the 03/09 gap.

All that to say no position at the moment lol
Bullboard Posts