Bullboard - Stock Discussion Forum Parex Resources Inc T.PXT

Alternate Symbol(s): PARXF

Energy Oil & Gas E&P

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.

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TSX:PXT - Post Discussion

Parex Resources Inc > Upcoming earnings

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Post by unc12345 on Feb 27, 2021 11:15am

Upcoming earnings

I'm not expecting a lot from the upcoming earnings announcement, BUT is this company not making a lot of money with Brent crude at current levels? It's been bumpy lately but I think it's going to be a pretty damn good report 3 months down the road.

Thoughts?

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Comment by Kramerkarma on Feb 27, 2021 1:22pm

brent -25$ USD is profit per barrel. Depending on when the ship takes the oil / q average brent price and share count average. Buckets of money . Like 30% FCF at today's price but year end share count.

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