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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 > I like to talk about both the Pros and Cons of this stock.
View:
Post by CrazyTrader on Nov 22, 2024 6:52am

I like to talk about both the Pros and Cons of this stock.

In particular I like to focus on the CONs right now.... The mind is a strange thing.  Sometimes you can not see things that are right in front of you because your mind is focused on something else.

Am I missing something bad about this stock???

Please, anyone like to contribute and post some Cons (negatives) about investing in PXT.  

I'm super heavy invested..... maybe my mind is blocking me from seeing the dangers.
Comment by JoeBravo1 on Nov 22, 2024 7:32am
CrazyTrader, there is nothing negative about Parex except the normal risks involved with any E&P companies. What I've noticed some traders bring up from time to time, and I'm sure it depends on what side of the trade they're on, is geopolitical risk.  Operating in Colombia to some has risk. Thing is, Parex has operated in Colombia for over 15 years.  That is a long time ...more  
Comment by unc12345 on Nov 22, 2024 7:47am
Other than geopolitical risk, I feel the biggest negative is that they don't seem to get credit for what they do.  I won't go through all the reasons again why it should get credit, but this seems to be an issue ever since I've been involved.
Comment by CrazyTrader on Nov 22, 2024 8:53am
unc12345, I'm not too concern with "credit"....  If the Market won't reward shareholders, the company will.   I'm concern with REAL Risk, risk to the company and shareholders.  
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