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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 Nov 09, 2024 9:33am
83 Views
Post# 36304555

Book Value in USD from 2019 to 2023

Book Value in USD from 2019 to 2023$9.27, $9.68, $10.98, $15.04, $18.13.         The increasing rate may seem slow right now, but if you understand how numbers work, you know it's exponential.

Similar to doubling numbers....

2, 4, 8, 16, 32, 64, 126, 256, 512, 1024, 2048, 4096, 8192, 16384, 32768, 65536, 131072, 262144, 524288, 1048576, 2097152, 4194304......etc.

While at the begining you are only gaining SMALL $$$ per double, only $2 first double,  it grows exponentially per double, soon you are making MILLIONS per double.   

Something similar is possible with Book Value and EPS.  

Remember, these Book Value are in USD.    Currently I think Book Value is around $27 CAD.  


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