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Q: Hi,

I have a position in PXT. I read an article that indicated that at $30 Brent oil price, PXT is still profitable.

With Brent oil prices currently at around $30 and PXT having cash on hand and no debt, could you please share your opinion on the stock and if PXT would be the one oil based recovery stock to benefit provided oil prices donít sink further.

Thanks,

Read Answer Asked by ILIE on April 06, 2020
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