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home / news releases / PARXF - Parex Resources Stock: Recently Repurchased 15% Of Shares Buy On Dip

PARXF - Parex Resources Stock: Recently Repurchased 15% Of Shares Buy On Dip

Parex Resources Inc
  • Parex combines an exceptionally healthy balance sheet with robust production numbers at a low opex.
  • Parex will hike its FY2022 capex to over $400M, but will still generate in excess of $200M in FCF at $70 Brent.
  • As long as Brent stays over $65/barrel, I think Parex is a buy on any dip for investors that don't mind exposure to Colombia.

For further details see:

Parex Resources Stock: Recently Repurchased 15% Of Shares, Buy On Dip
Stock Information
Company Name: Parex Resources Inc
Stock Symbol: PARXF
Market: OTC
Website: parexresources.com
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