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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 wkrpradioon Oct 06, 2023 2:46pm
136 Views
Post# 35673696

RE:Debt free

RE:Debt free
Frank007 wrote: So what ...Frontera has a 6.2% debt .....inflation is 8% ....so.  Money is free to leverage up ...Parex  just keeps producing instead of aquiring cheap assets ....Yike now. Buy assets use debt ...but buy assets to grow the oil price is going over $100 for sure ....would you not want a piece up fronteras Guyana discoveries ?      On the cheap .....right.    Frontera shares $10.41 ......the Guyana asset alone is worth $58 u s $ per share .....yet  debt free Parex ...sits on its cash ...lol.    

 Sounds like the words of a  Snake Oil salesman. 
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