Parex Resources Inc T.PXT

Alternate Symbol(s): PARXF

Energy Oil & Gas E&P

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.

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Parex Resources Inc

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Post by Possibleidiot01on Oct 04, 2024 7:57pm

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Post# 36254128

Trevor Rose's Insights - HOLD

HOLD

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

The company still is in a net cash position. We do not think a dividend cut is imminent, but we are sure management is discussing the possibility, unless they feel operational setbacks are just temporary. We would still be comfortable holding it at current levels due to its very cheap valuation and balance sheet.
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oil / gas

N/A