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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 > If Dividends will continue, then Buybacks most likely
View:
Post by CrazyTrader on Dec 11, 2024 3:20pm

If Dividends will continue, then Buybacks most likely

will be reduced.    Oil prices down, production down=====>  Less Cash Flow ====> Less for Dividends and Buybacks.
Comment by CrazyTrader on Dec 11, 2024 3:27pm
unless company diverts cash flow from CapEx to Buybacks.... but that's not likely as it seems a lot of drilling ahead....  so back to my thesis conclusion..... Buybacks will be reduced.  
Parex Resources Inc