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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 CrazyTraderon Oct 13, 2024 12:44pm
74 Views
Post# 36264600

RE:RE:RE:RE:Q3 EPS...... Anyone else like to give their opinion/guess?

RE:RE:RE:RE:Q3 EPS...... Anyone else like to give their opinion/guess?But it's not really "3 years".... Notice from your post 

Dec 31/2021   PDP was 4.4 years.

3 years later  PDP didn't drop to 1.4, no it was 3.9.  

Profitability I would say is more important.   Company has show it can drill, find oil, and be profitable.

This is why the long term chart of PXT looks different from most of the other like BTE, MEG, ATH etc etc.  

You think BTE will get back up to ~$60, BTE all time high share price?

You think PXT will get back up to ~$30, PXT all time high share price?

Why the charts look different, why is it more likely PXT will get back up to it's all time high share price.......

Answer... not reserves but Profitability.  


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