Parex Resources Inc T.PXT

Needed to say will buy back half shares OS in three years.

[drunk@noon]

provided brent 90 or more. Instead they pivoted at the wrong time, as their 10% a year buy back wasn't being rewarded in market. Should have put metal to the floor on buy backs from 10 to 17% a year, instead of pissin away money on a 5% devidend--- which needless to say, has no effect as one would have to be clueless to hold a high risk colombian oil company for it's div yeild. BUY BACK have the company and 50 dollars a share is available in a year, year and a half as the NAV per share spikes.

[tigris72poo]

PXT should go private.  There is no point in being a public company if you are generating tons of FCF, never need financing and your stock is trading at 2x CF.  Just  delist and save the expenes and hassles of being a public co.  Offer shareholders $30/sh or the option to keep shares in the privateco which should incorporate in the Caymans or another tax haven.  This

[personal]

I agree, it just does not get any love at all. PXT repurchased back 10% every year for 4 years, pays a nice dividend, no debt, all the things Eric Nuttal has been preaching and still nothing. Exit rate of 60,000 BOE , Brent pricing, etc. Only drawback is it is in Columbia. I would go private, let's get everyone to email management to convince them of that. I know we are small investors. but

[ROIcrusader]

The thing is "only drawback is it's in Columbia" outweighs allllll those things if you can own a similar producer that's either CDN or US. The geopolitcal risk really can't be quantified (imagine if the gov just said, we're gonna nationalize oil production so we can stop it).  I have owned PXT in the past and am a fan. I'd agree this will go private, it's

[VbayNo2]

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[wkrpradio]

Junk mail/spam added this trash to ignore list.