Par Pacific: Rolling The Dice With Debt-Funded Share Buybacks
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Par Pacific plans to continue share buybacks during the downturn, likely funded by debt. Despite the controversy, they have no debt maturities for over three years, a healthy cash balance, and no plans for higher capital expenditure, indicating no immediate financial issues.
November 12, 2024 | 2:15 pm
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Par Pacific plans to continue share buybacks, likely funded by debt, during the downturn. They have no debt maturities for over three years and a healthy cash balance, indicating no immediate financial issues.
Par Pacific's decision to fund share buybacks with debt is controversial but mitigated by their strong liquidity position and lack of immediate debt maturities. This suggests stability in the short term, but the long-term impact of increased debt remains uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100