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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 Dec 19, 2024 8:01am
71 Views
Post# 36369814

Book Value = $18.69 USD =~ $26.85 CAD

Book Value = $18.69 USD =~ $26.85 CADBuying back at ~$13 CAD and cancelling the share should add about 26.85 - 13 = $13.85 of value for each share bought back.   

Now, how do we see this in the financials?  

Each day they buyback about 30,000 shares.  30,000 x $13.85 = $415,500 of value added each day.


Am I thinking clearly or am I'm way out to lunch in my thinking? 


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