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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 JoeBravo1on Nov 05, 2024 6:39am
85 Views
Post# 36296539

Expected EPS for 3Q is $1.20

Expected EPS for 3Q is $1.202Q had an uexpected miss in earnings due to a one time tax expense.

Watch for EPS reported after hours today to be back to normal, with expectations of $1.20 EPS for 3Q 2024.

I'm also hoping to see FFO around $1.50 or better, but as long as it's in that range it will be fine with me.

Buybacks should resume Thursda, after blackout period ends, so more support for the share price by the company, and also good to see Insiders which bought back in Sept and earlier this year.  Insider buying is always a good sign.

Buybacks not only reduce the O/S, they help increase EPS, and they reduce the amount of total dividend paid thus saving the company money.  It's a win/win situation.  Looking forward to PXT again trading in the high teens by eoy or early 2025.
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