Started new position in portfolio by purchasing 100 shares of Parex Resources Inc. (TSE:PXT). Parex Resources is a Canadian oil and gas company with a focus on exploration and production in Colombia. It operates in the Llanos and Magdalena basins and is a leading independent land holder in the country. The company aims to responsibly develop conventional oil and gas resources to fuel social and economic growth.
Parex Resource Inc. pays dividend with 3-6-9-12 schedule and my starting yield on cost is around 10.55%
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