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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

Post by fishcarrieron Jan 28, 2022 1:01pm
298 Views
Post# 34372103

I bought back in today.

I bought back in today.The price is a little steeper, but I did want some oil stocks, and this one is still the best one around. No debt. High returns for their oil. Promise of a special dividend. Share buybacks. Only thing not to like is possible issues in Columbia. But those are not that imminent, seems to me. 

I hear they bought quite a few more acres to explore, and lots of places to drill for now, and they are drilling. This gives hope of increased prodution. I'm here for a while. 
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