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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 SleepingGiant64on Nov 07, 2024 1:39pm
79 Views
Post# 36301483

Full speed on the buyback

Full speed on the buyback
Just filed that they bought back 660K shares in October. That keeps up the accelerated pace from September and tracks at 7% per year.

Tough to beat that when combined with an 11% yield. Oil just needs to hold above $65 and this dumb management needs to stay out of its way. Unfortunately, yesterday they talked about M&A. I pray they take on debt to do that rather than cutting the dividend.
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