Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by JoeBravo1on Nov 20, 2024 8:30pm
28 Views
Post# 36322896

RE:updated share count

RE:updated share count All I see are positives.  When a company is buying back their own shares and at increasingly higher prices, that can only mean they believe their share are undervalued.

Parex isn't waiting for the price to move lower to buy.  They are buying at the market bid consistently throughout the day.

Still not sure how Instinet plays into this with their end of day swaps, but all in all, the company is buying, and the float is getting smaller therefore the EPS will be affected positively when they report results.  
<< Previous
Bullboard Posts
Next >>