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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 unc12345on Nov 10, 2020 8:06am
112 Views
Post# 31868827

RE:RE:RE:PXT is the "go to energy stock" on vaccine hopes

RE:RE:RE:PXT is the "go to energy stock" on vaccine hopesIf they did pay a dividend, then all imagining would be off because it would be a totally different scenario/philosophy.  Question though....do you think it's in the future at all to move to a dividend model?  My guess is no, but does anyone think differently?  As a significant (by my standards) shareholder, I would love this as it would be an immediate pop and then increased cash flow obviously, but they've achieved current status (?) through discipline and a certain approach and I doubt it changes.  My guess is based on the fact that the current approach has allowed them to get to the other side of this entire mess (I think) and they would likely not change because no one really knows what the next 5-10 years holds despite all the talk of a coming supply shortage.
Bullboard Posts