RE:RE:Acquisition Target?...Just went back and checked the latest presentation:
PowerPoint Presentation (parexresources.com) $3 per share on hand and a fair amount of 'optionality' on the next slide they say M&A is "an option, not a requirement" for Parex. Curious to see how that plays out, perhaps they're a buyer not a seller, who knows. They do say any M&A would have to offer better returns than anything in their current Columbian inventory, and they know that well so it would have to be very advantageous.
That's a fair amount to allocate to additional buybacks or dividends.