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Bullboard - Stock Discussion Forum Parex Resources Inc T.PXT

Alternate Symbol(s):  PARXF

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.

TSX:PXT - Post Discussion

Parex Resources Inc > What went wrong here
View:
Post by fdfd12 on Jan 16, 2024 10:11am

What went wrong here

in their report
Comment by traderfrom on Jan 16, 2024 12:00pm
Looks like everything 
Comment by pholover on Jan 16, 2024 1:36pm
More production, increased cash to shareholders, still 0 debt?  What is the problem?
Comment by wkrpradio on Jan 16, 2024 1:39pm
It's because the actual production numbers were below forecast. It's a great time to buy some shares on the cheap. 
Comment by pholover on Jan 16, 2024 1:57pm
Weird,  In August they guided 54-57 thousand.  Came in at just under 55K and Last Quarter over 57K.  That is not really a miss  You are correct...GREAT buying op
Comment by pholover on Jan 16, 2024 1:57pm
Weird,@ In August they guided 54-57 thousand.@ Came in at just under 55K and Last Quarter over 57K.@ That is not really a miss@ You are correct...GREAT buying op
Comment by 1condor on Jan 16, 2024 3:28pm
Yowza...what is going on here. this one just popped up on my screen today due to the big sell off. I havent held this one in some time but may be worth a trade here. Will look a little deeper and try to figure out the reason for the sell off and then decide on whether to buy.
Comment by 1condor on Jan 16, 2024 4:04pm
Took an initial position at 21.70 at the close. Forgot how nice the divvy is on this one. Also, good chance for the company to buy some shares on the cheap.
Comment by 1condor on Jan 16, 2024 5:43pm
Stock has a very good technical trading range...will add on weakness to 18 bucks and will definately be a seller around 29. 
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