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Bullboard - Stock Discussion Forum Parex Resources Inc T.PXT

Alternate Symbol(s):  PARXF

Energy Oil & Gas E&P
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 > P/E = 3
View:
Post by baranja on Nov 04, 2024 12:22pm

P/E = 3

Just saying. Dividend close to 12%. Unless there is something hidden here, this doesn't make any sense.
Comment by CrazyTrader on Nov 04, 2024 3:31pm
Nothing hidden here, IMHO it's been the BUYBACKS.    Buybacks are NEGATIVE for the company and depending on Share Price of the buyback it can be Positive or Negative for SHARE VALUE.  What's good for the Company.  What's good for Share Value.   While the 2 are related they are different.  Buybacks are NEGATIVE for the company.   You are ...more  
Parex Resources Inc