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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

Comment by unc12345on Aug 03, 2023 10:08am
442 Views
Post# 35570949

RE:Debt free

RE:Debt free Oil price is going over $100 for sure?  Hmm...I guess bet the farm then.  But I have not experienced any "for sures" in a quite a long time in the price of oil.  The only one I can remember is when the price of oil briefly went negative.  It for sure was going up.  I agree with you that the price is likely going higher based on fundamentals, but the price trades a lot on sentiment, NOT fundamentals.  So how do you know for sure.  What happens in 2 or 3 years when mortgages renew and there are defaults everywhere?  I just don't think it's as clear cut as you make it out to be.
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