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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

Comment by JoeBravo1on Dec 09, 2024 9:33am
25 Views
Post# 36352409

RE:RE:RE:Share Purchases

RE:RE:RE:Share PurchasesI'm just glad you're not running the company CrazyTrader.  

Yours is an opinion, and a flawed one.  I'm stating facts as is traderlong2.

Buybacks support the share price.  The Dividend attracts passive income investors.

As long as the company supports its shares price, they are supporting shareholders.

It's a long term strategy, with immediate affects which I've pointed out.  Fact, not an opinion like yours.

You would rather the company have more shares outstanding and doing what exactly with the extra FFO, which they can't do with the 2/3 of the FFO they are currently using responsibly, and eficiently?
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