Q: Could I please get your thoughts on PXT, Parex Resources. It looks like the stock went down over 23% yesterday, August 29, 2024. In it's current state do you think they can maintain there current dividend or an cut may be imminent? In your opinion what would be a better comparable stock to invest in?
5i Research Answer:
We have comments posted here. We think if the dividend was to be cut it would have happened with the quarterly release. It is likely OK in the short term, but management needs to address its operational issues and we would not consider it as safe as before. We would suggest TVE or CVE.