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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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 > October production concerning
View:
Post by spacegimp on Nov 05, 2024 8:44pm

October production concerning

47k . And large drop in heavy oil since 2023 , is the injection really working ?
Comment by CrazyTrader on Nov 05, 2024 8:57pm
Guidance has been updated (november 5)...... they seem to think so.     Financials seems to think so also.   
Comment by CrazyTrader on Nov 05, 2024 9:02pm
"The decrease in oil and natural gas production in the third quarter of 2024 compared to the third quarter of 2023 is mainly the result of decreased oil production at Block LLA-34 and Cabrestero Block in the Southern Llanos Basin as a result of increased downtime."  
Comment by joebravo on Nov 06, 2024 7:39am
Agreed.  I don't think the lower production and revenue due to maintenance downtime should be concerning.  Maintenance is required from time to time, and next quarter numbers should be higher. 
Comment by baranja on Nov 06, 2024 7:51am
Don't know if this is baked into a prices, but it could be another great opportunity to buy it.  I would not mind it.
Comment by baranja on Nov 06, 2024 7:53am
.....price....
Comment by baranja on Nov 06, 2024 9:36am
Damn it,.. I was hoping to buy more of this great company,... it is taking off now.
Parex Resources Inc