Parex Resources Inc T.PXT

PXT needs to change their Shareholder Return Plan to

[CrazyTrader]

maintaining current dividend PLUS special dividend or buybacks.    Renew the NCIB but have it on standby only, don't execute it until share price crashes to Crazy Stupid low price due to oil price crash or market crash, in the meantime build up cash balance or issue special dividend with the extra cash saved by not doing buybacks.   

Clearly buybacks have failed if the intended purpose was to support share price.  After several years and 60+ million shares bought back, share price is near 10 year lows.  

Change the Shareholder Return Plan to Dividends and Special Dividends.  Save the NCIB for when oil prices crash or the market crashes and if PXT share price nose dive into the low single digits.

Reward shareholders that hold with dividends and special dividends,   not shareholders that sell with NCIB.

[nearpeakfreak]

Look I love didvidends and a dividend increase would be wonderful but if there ever was a time for share buy backs it's when  share price is at 5 or 10 year lows. Why wait for crazy stupid lows as you say. I say buy 10% if price stays down here and that allows a 10% increase in dividend next year.

[CrazyTrader]

Hi nearpeakfreak.    Why you ask?    Because: Buybacks is not the same as investing.    Investing in PXT at 10 year lows, like what you and I do, is probably a fantastic opportunity.   Why, because we will earn a dividend yield of over 10% but mostly because we can sell the shares and will most likely have a huge gain when we SELL our shares in the future