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Parex Resources Inc T.PXT

Alternate Symbol(s):  PARXF

Energy Oil & Gas E&P
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

Parex Resources Inc > F the dividend. Increase buy back to 16.66% and state....
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Comment by ROIcrusaderon Sep 28, 2021 11:25am
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Post# 33930568

RE:F the dividend. Increase buy back to 16.66% and state....

RE:F the dividend. Increase buy back to 16.66% and state....Provided Brent stays at $75 they could bump the buyback AND keep or increase the dividend. $75 Brent means about $250m in 'optionality' and they specifically mention applying it to buybacks.See page 9 of their corporate presentation. At some point the market will not be able to ignore what's going on here.


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