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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 drunk@noonon Nov 06, 2022 5:36pm
506 Views
Post# 35077660

Needed to say will buy back half shares OS in three years.

Needed to say will buy back half shares OS in three years.provided brent 90 or more. Instead they pivoted at the wrong time, as their 10% a year buy back wasn't being rewarded in market. Should have put metal to the floor on buy backs from 10 to 17% a year, instead of pissin away money on a 5% devidend--- which needless to say, has no effect as one would have to be clueless to hold a high risk colombian oil company for it's div yeild. BUY BACK have the company and 50 dollars a share is available in a year, year and a half as the NAV per share spikes.
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