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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 10, 2024 2:12pm
91 Views
Post# 36305758

First thing I look for is EPS. Second, Debt/liabilities to

First thing I look for is EPS. Second, Debt/liabilities to Equity.   Book Value is actually very low priority on my list usually.    But with PXT, I think it's something to pay attention to.  Book Value/Share Count/Buybacks.   

PXT has bought back about 60 Million share in just 2 or 3 years I think.    And it looks like Buybacks will continue Full Steam Ahead, if not accelerate.    

Ever watch Sesame Street where they go "One of these things is not like the other"...... 

PXT isn't like any other......  Here, I think with these buybacks, Book Value is something to watch for.   

When I first came here and became a shareholder I wasn't too fond of PXT buying back..... But now I'm all for it. 


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