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Parex Resources Inc V.PXT

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  T.PXT | PARXF

Price: $9.28 | Change: $-0.12 | %Change: -1.28%
Volume: 243,821 | Day High/Low: 9.46/9.17 | 52 Week High/Low: 15.49/5.97
View modes: 
3.5 stars

RE:RE:RE:very interesting here

Agreed... we shall hear more after May 5th: Closing is anticipated to occur on or about May 5, 2015. Following the closing of the Offering Parex will have approximately 148 million Common Shares...read more
4 stars

RE:RE:very interesting here

I have been following PXT since its inception.  The company has not made large aquistions in the past, there is no evidence thus far to suggest this has changed.  I will say this something changed...read more
3 stars

RE:very interesting here

Okay, my theory is that Parex is going to buy CNE's LLA23 asset.  Think about it...  Parex and CNE have oil assets in the same basin.   CNE needs cash to develope their HUGE gas business and Parex has...read more
3 stars

very interesting here

My guess is and it is only a guess, PXT will not be making a major take over.  In the past they have methodocialy picked up new blocks, farmed in and made smaller moves but many of them.  I think if...read more
2.5 stars

Parex removed presentation from website

That's odd... News must be pending.  This should be interesting..  Acquiring PTA makes sense - at least much more then CNE.  I love CNE but can't imagine Parex could afford that.  Can you imagine if...read more
2 stars

RE:RE:Alert: PAREX Resources Talks Takeover HALT Issued

Ok... so after reading the news release: So Parex PXT just did a bought deal financing for 119m to fund exploration and 'opportunistic acquisitions'. I'm most likely not aware of all of the targets,...read more
2 stars

RE:Alert: PAREX Resources Talks Takeover HALT Issued

I actually believe this is a realistic possibility. PP to fund part of the acquisition, as much as I hate to agree w someone CNE is a great bolt on acquisition. I'll be a buyer after the dust settles ...read more
0 stars

Bought Deal ( too bad )

It looks like it will be dropping to $9.15 or lower for a while.  This was not good timing for share holders. This would have been over $10 tomorrow.... Glad I sold 4000 shares today and yesterday. It...read more
0 stars

RE:Obama The Idiot, Worst President EVER Clearly Polls say

and the idiot returns. Fact.  rate and reply
0 stars

Top Pick

Parex was a top pick by Mason Granger today on BNN's Market Call Tonight.  He said it was the best of all the Columbian plays and has very little debt..... The trend is your friend and this chart is...read more
0 stars

RE:Obama The Idiot! Clearly Incompetant Obama Fool

Not to mention, PTA is going to CONSOLIDATE not SPLIT. These things are the EXACT OPPOSITE ... what junk. For the love, get your facts straight.  rate and reply
0 stars

RE:Obama The Idiot! Clearly Incompetant Obama Fool

You racist bigot. Religion or race have no place for mention on any board. I've reported this post, absolutely inappropriate and against Human Rights laws. Get a grip on reality. I hope everyone who...read more
0 stars

RE:RE:RE:RE:PAREX To Shut Down Drilling Only 1 Well ToBe Drilled Q1/2015

Sigh...  I give up on these message boards.  Again... CNE has an equal amount of cash on hand as debt.  The gas contracts starting in DEC will generate 200M CAD in free cash flow which is equal to...read more
0 stars

RE:RE:RE:PAREX To Shut Down Drilling Only 1 Well ToBe Drilled Q1/2015

As you said,CNE had debt. CNE is not debt free..... CNE has one of the highest Debt to EBITDA and Debt to Interest Rate ratios among all the Latin American players.  rate and reply
0 stars

RE:RE:PAREX To Shut Down Drilling Only 1 Well ToBe Drilled Q1/2015

CNE's cash flow will be approx $200M starting in DEC this year and their flow is not tied to world oil prices but long term gas contracts (already in place).  They have 84MMboe in 2P reserves and...read more
0 stars

RE:RE:Parex Resources (PXT eyes Buyout of Canacol Energy (CNE

If Parex make such a mistake to buy CNE, even at a discount to the current CNE price, I will sell ALL my Parex shares. But I think they will never do something so crazy. I trust the management.  rate and reply
0 stars

RE:RE:PAREX To Shut Down Drilling Only 1 Well ToBe Drilled Q1/2015

The definition of insanity is repeating yourself expecting different results. What a spammer, I'd much really have the original thedave2006 posting on this board... thanks obama, this is your fault...read more
0 stars

RE:PAREX To Shut Down Drilling Only 1 Well ToBe Drilled Q1/2015

You forgot to mention the part: ~25.50 net back at 26500 boepd = 246m ish in free cash flow ... might I add, that's 2/3's of CNE's  market value. I think it's rather prudent to stop drilling if the...read more
0 stars

Why the Tick Up?

Td Securities view the Q4 and year ends as slightly positive and are maintaining a $10 target price. It is nice to see this back in the green today.  rate and reply
0 stars

RE:RE:RE:Q4

Pretty much my feelings too Matt.  This is a year end story if the price of oil moves northward.  rate and reply