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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 CrazyTraderon Jan 20, 2025 8:46am
43 Views
Post# 36411623

RE:RE:PXT needs to change their Shareholder Return Plan to

RE:RE:PXT needs to change their Shareholder Return Plan toHi nearpeakfreak.    Why you ask?   

Because:

Buybacks is not the same as investing.   

Investing in PXT at 10 year lows, like what you and I do, is probably a fantastic opportunity.   Why, because we will earn a dividend yield of over 10% but mostly because we can sell the shares and will most likely have a huge gain when we SELL our shares in the future.   

Buybacks, the company and shareholders are taking a huge hit up front and the money is gone, shares cancelled...... rational everyone gives for this is a 10% increase in dividends?    It will take you about 10 years to "Break-even" on the buybacks if all you can do is incease dividends by 10%.

For me, it's still questionable at $15 if it's worth buying back.     I could have about 100% increase in dividends now buy not buying back........  or I could buyback and increase by 10 next year.

The old story..... Turtle wins the race.     That's BuyBacks.   

I'm the rabbit, I want a huge gain early, then I move on, I never win the race.     I think stopping the buybacks and increasing the dividends will give me this. 

But, I did point out how the TURTLE method could payoff  MASSIVELY HUGE.    I've NEVER seen it happen, but if any company can do it,  Treat Shareholders Right, it's PXT.     Will PXT continue their buybacks and EPS skyrocket into the $1000s per share or higher?????   

PXT just maybe a stock that I continue to hold.  Like I said, I've never seen a stock like PXT before.  This one seems different and is/will be supported by fundamentals and not "emotional trading".   Just maybe, just maybe............  THIS IS THE ONE!!!!!!

Sure everyone have seen many stocks share prices rocket up, way way up..... how many of these are based on FUNDAMENTALS???? .........  NONE...........    All emotional trading sending P/E ratios crazy high.          Will PXT be the one to send EPS throught the roof with buybacks?????

All just my opinion/view/thinking.
 
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