Par Pacific: Rolling The Dice With Debt-Funded Share Buybacks

Following the COVID-19 crash of 2020, Par Pacific (NYSE: PARR ) enjoyed a massive rally that lasted until early 2024. Nothing lasts forever, with subsequent months seeing their fortunes swing the other way with operating conditions deteriorating across theAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not ...