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Parex Resources (V.PXT) announces 2014 exit rate to exceed 27,000 bopd
Did anyone listen to the webcast of the Parex Presentation ?
Nice bump for just about one day five percent gain.. Another week and the debs should be done? Oil not showing much change.
Crude oil pricing might be baked into this price... I did go long some today at 13... Bigger question... are those convertibles ... all...
Am shareholder and considering adding. I think $13 is a good entry point, only risk is the commodity pricing. Looking forward to solid...
They may be waiting to hit that 27,000 before releasing production numbers. Let's hope Brent rebounds soon. This is not helping.