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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 24, 2024 8:00am
150 Views
Post# 36279811

RE:RE:RE:RE:I rather have the Dividend Cut than the company take on DEBT

RE:RE:RE:RE:I rather have the Dividend Cut than the company take on DEBTHi unc12345, you are a rare person, you actually realized your mistake and apoligized.   

As long as the company CLEARLY states the REASON for the dividend cut (ie rebuild balance sheet and not because it can not pay it), I think the market will understand and will in fact REWARD the company by supporting the share price. 

All just my opinion.......  as what I would do (buy more).... AND you seem to think the same by saying.... "Maybe that WOULD be a great time to jump in, but I'm already in!!"  knowing the drop if it happens makes no sense.

I'm already in heavily also.   Other than Oil Price dropping off a cliff into the $30s, I don't see much risk here with PXT.     





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