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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 tigris72pooon Aug 31, 2024 10:58pm
763 Views
Post# 36204403

Buybacks

BuybacksI would borrow money to buy back more shares.  They save 11.4% in dividends which is not tax deductible .  They can fund it with 7 or 8% debt which is deductible.  But they need a CFO who understands finance - not a PHD engineer in carbon capture.
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