TSX:PXTOil and Gas
How Rising Net Income Amid Lower Production at Parex Resources (TSX:PXT) Has Changed Its Investment Story
Parex Resources recently reported a rise in net income for the second quarter and first half of 2025, alongside the reaffirmation of its regular quarterly dividend at CA$0.385 per share and the completion of a share buyback tranche totaling 630,000 shares for US$6.1 million.
This combination of improved profitability and ongoing shareholder returns signals management's ability to maintain financial resilience and capital discipline, even as revenue and total oil production have declined...