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 > Q2 Results...

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Post by jack4567 on Aug 05, 2021 7:19am

Q2 Results...

...could not have been better, IMO

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Comment by unc12345 on Aug 05, 2021 1:44pm

I'm wondering what can get this company the recognition it deserves? A mountain of cash, no debt, solid earnings, generating cash flow, buying back shares. Some geopolitical pressures in Colombia yes, but it sure would be nice if this little company could generate some momentum in terms of share price.

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Comment by unc12345 on Aug 05, 2021 1:46pm

I even forgot one big thing....we now get a modest dividend even!

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Comment by WanTBe1 on Aug 11, 2021 4:09pm

Would be nice to see this back to June high. $22.88.

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Comment by ROIcrusader on Aug 05, 2021 4:25pm

That was a good report, pretty compelling numbers. I'm surprised they haven't been taken out. $2.85/share in cash on hand, no debt, share buyback should buy another 4-5ish mil shares by Dec. They're currently producing 48k bbl/day and guidance for 46-50k for H1 2022 (doubling capex, so I'd look to the top of that range). H2 2021 Corporate Guidance Provided below is ...more

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Parex Resources Inc