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.

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TSX:PXT - Post Discussion

Parex Resources Inc > Do what's BEST for BOTH the company and shareholders.

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Post by CrazyTrader on Dec 06, 2024 9:01pm

Do what's BEST for BOTH the company and shareholders.

What's best is to prepare the company for an oil price crash. Draining CASH for buybacks maybe positve for shareholders, but negative for the company. That maybe ok to do when times are good (high oil prices)..... but more and more it looks like oil prices could go lower.

Company probably already ran into some CASH FLOW concerns... I guess that's why they took on some DEBT.

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Comment by joebravo on Dec 06, 2024 9:36pm

You're funny Crazytrader. I say just relax and let the company run the business as efficiently and responsibly as the have for over 15 years. We're getting into the colder months. Don't listen to analyst predictions too much regarding oil prices.

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Comment by traderlong2 on Dec 08, 2024 6:19pm

Agree JoeBravo They are doing a great Job so far If you win the trust of investors ....... they stay you also shrink the float and soon the sellers under 20 will be none thats when we pop back over 20 They are Partnered with the right people it will be a big win at some point down the road my hope the under 20 sellers are gone soon 3.7 million shorts need to find shares as the company taking 30k ...more

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Parex Resources Inc