Parex Resources Inc T.PXT

If Parex did not do buybacks over the years and just paid a

[CrazyTrader]

dividend, even just the current dividend.... There's no way Parex trading at $12 (13% yield).  

Right?!!   Company would be swimming in CASH if they didn't do buybacks.  NO one would think the dividend at risk.... as such no way Parex would be trading at $12 (13% yield).  

Think about it.

[tigris72poo]

if PXT had not bought back 60 million shares over the past years, they would need C $92 million more to sustain the current dividend of $1.54/share.  Did you think about that?

[CrazyTrader]

tigriss72poo, have you thought about this way.... 60x$22 = $1320 Million spent on buyback approximately.    $1320 / 92 = 14 years of dividends company could continue to pay at $1.54/share.   You are paying UPFRONT NOW to save a little this year, next year, for 14 years.   UPFRONT BIG PAIN..... for very very far from now gain (possibly).   Unless company