Parex Resources Inc T.PXT

F the dividend. Increase buy back to 16.66% and state....

[drunk@noon]

that provided brent stays at 70% or more, PXT will buy back half their shares in 3 years. If that doesn't move the shares, the company will be able to take themselves private,

[ROIcrusader]

Provided Brent stays at $75 they could bump the buyback AND keep or increase the dividend. $75 Brent means about $250m in 'optionality' and they specifically mention applying it to buybacks.See page 9 of their corporate presentation. At some point the market will not be able to ignore what's going on here.

[unc12345]

Could you explain that to me please?  Specifically, I own a significant amount of shares so how would I be impacted if I don't sell my shares.  I'm not sure I fully get the ramifications of "going private" to an existing shareholder who doesn't want to sell!

[ROIcrusader]

So this is a really interesting situation to hypothesize.  Consider someone or thing taking PXT private to be similar to an aquisition from another entity (I know they are different processes but the end outcome is the same, someone buys the shares). Essentially someone thinks they are willing to pay X $ per share so they can own the company/cash flow. In this case, we would hope the offer

[unc12345]

Not a technician by any means, but if I look at things fairly simply here, if we can hold above 24, with an early November report date that should be excellent given the pricing environment, PXT could have a very strong run ahead, even beyond the run it's already had..  I'm hoping we're just getting started.

[DrNo1962]

Even though PXT has been performing with sector of late it is still only back to where it was in 2018.... however, oil is somewhat higher and PXT has less debt and higher FCF.  PXT is a cash flow machine but >$70 is just ridiculous.  We should continue to run here at these prices going into earnings season IMO.