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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 CrazyTraderon Oct 17, 2024 9:04am
69 Views
Post# 36269642

IMHO, Stop the Buybacks = Stop the drop

IMHO, Stop the Buybacks = Stop the dropAt anything near or above book value.    Stop the buybacks, Build the Cash War Chest.   A year or 2 later if the share price still $13 or lower, GREAT.... BUYBACK.    If not and share price goes up, DOUBLE GREAT.... Company has all that CASH and a higher share price!

It's so simple.




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