Parex Resources Inc T.PXT

Huge Divy Increase

[RAWCOLTY]

Always amazes me how the Market undervalues PXT... Makes sense for this company to keep buying back shares until the Market values this company proverly. 

Holding for an over $30 price and then I will sell again.... Rinse and Repeat.

[Chimpwithdart]

Should see a massive pop following the Colombian elections. It looks like Petro will win the first round which could cause some scares but with less than 50% of the vote being likely, it will go to a runoff he should lose.. Petro's policies are disastrous he would turn them into Venesuela very fast.

[TG1960]

I believe Parex has a caveat interest embedded in the buyback to keep the share price contained to get those shares at the lowest price possible...it  goes on with every company with active buybacks:) 

[ROIcrusader]

Agreed, the Columbian election is weighing heavily on Parex.  They've done buybacks for consecutive years, reducing float by 10%/yr, now dividends and capex to grow production.  As long as the election/gov doesn't go sideways this name will do well.  Question is, will the value be realized? I'm not sure. I've held PXT in the past, but in 2022 moved out of the