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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 12:10pm
122 Views
Post# 36304679

This company doesn't need to grow into next Tesla, Amazon,

This company doesn't need to grow into next Tesla, Amazon,Exxon, Microsoft...etc... for shareholders to win BIG, MASSIVELY HUGE..... in fact if everything stays the coarse as it is now.... Production, Oil Price, Share Price, Buybacks.....  I'm guessing PXT will be able to buyback almost all its outstanding shares in a few years.   

If everything stay the same, the company doesn't grow, but outstanding shares drop to 1 share...... What's the value of that share?   How much EPS would that be?  How much Dividend could be paid per share?   

Shareholders don't need the company to grow and become next Exxon or Tesla or Amazon for shareholders to win BIG......   All shareholders need is management to treat shareholders right.  

It's doable......   yet, I have yet to see one single company treat shareholders right.   Could PXT be the one????


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