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Parex Resources Inc. (PARXF)

Other OTC - Other OTC Delayed Price. Currency in USD
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16.02+0.49 (+3.16%)
At close: 03:54PM EDT

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  • D
    David
    Still waiting on my div
  • D
    David
    has anyone received their dividend payments yet? also I'd love another special dividend as well
  • C
    Chris
    Within 25 cents of the 52 week low. WOW.
  • e
    earl
    Waiting patiently until it goes below 16 .
  • M
    Mugatu
    Unhedged. Brent. No Debt. 100% FCF to shareholders. Say no more.
  • C
    Chris
    They need to announce an SIB at the prices this is currently trading at. Buy back another 10% of the float at these ridiculous valuations. They had $325 million in surplus cash at the end of Q2. They could buy back an additional 10% (on top of the annual 10% NCIB) and still have $100 million in cash and growing to pay additional dividends.
  • V
    Viken
    Recent Insider Transactions
    TSX:PXT Recent Insider Transactions by Companies or Individuals
    Date Value Name Entity Role Shares Max Price
    08 Aug 22 BuyCA$97,210 Sigmund Cornelius Individual 5,000 CA$19.44
    26 May 22 BuyCA$106,880 Daniel Ferreiro Individual 4,003 CA$26.70
    24 Apr 22 BuyCA$119,939 Sigmund Cornelius Individual 5,000 CA$23.99
  • t
    twiggypegger
    Any Colombian political experts here?
    So Petro has confirmed his commitment to banning all new drilling permits as well as new fracking. Not a big surprise. Are these measures required to pass through congress or can they be invoked immediately?
  • C
    Chris
    That earnings report was a nothingburger. I hope they had more to say on the call about return of capital plans. 10% buyback is moving along, dividend is nice yield at current trading values, etc. Why are they spending so much of the free cash flow on production growth? When companies are scrambling to pay back debt so they can provide 75% to 100% of free cash to shareholders, Parex, with zero debt is only committed to returning 33%. This is why the stock underperforms. Raise it to at least 50% by adding special dividends and this thing would take off and we would still be investing a huge amount of free cash to growing production. Why is management missing the entire market picture?
  • F
    Felix
    I'm back in PXT.TO !
    a quick look at Colombian news
    and not more than promise to
    start energy transition .
    election wine 🍷! oversold
  • M
    Muhammad
    25 is coming soon
  • C
    Chris
    Well when they get done with all of that insider buying they should do a press release to reassure investors that the changes the government is proposing in Columbia is not going to have an impact on planned shareholder return of capital. It's almost criminal that they haven't released any formal response.
  • A
    Anonymous
    smoked and finished
  • G
    G.Growl
    The comment from Ecoperol about the new levy proposed against Colombian oil exports, 90% held by Peru
    Ecopetrol talks real numbers if the new tax on oil exports passes
    The group calculates that the effective tax rate for mining and hydrocarbon companies would jump to 87% if the tax bill passes in its current form, from 53% this year.
  • G
    G.Growl
    Good prices to increase buyback of shares. Would like to see the company increase the buyback to over 10% of shares.
    The continued building of cash needs to be used to increase shareholder value. Building cash is also a good thing if it wants to enable a buyout or to even go private.

    Great quarterly.
  • M
    Muhammad
    Got position here for long run
  • t
    twiggypegger
    So under current prices, we should expect $500m in rev this quarter and likely $1.40 EPS. If these prices hold for the year, that means PXT is trading at just over 1 x revenue ratio and a PE of 3.5-4. They are one of the few producers with no debt. I understand there’s the risk with the new administration, but honestly, how is this not $40?
  • A
    Asdy
    under $20 , this seems attractive.
  • m
    mgh20091
    Im in, I understand the political risk but the fact that they have the best financial sheet that I’ve seen in the sector by a country miles and make money even at 30$ a barrel, I’m in!!🛢
  • C
    Cole
    Do we think PXT would be aggressive and offer a special dividend like other companies?