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

Core Insights - Par Pacific (NYSE: PARR) experienced a significant rally following the COVID-19 crash of 2020, which lasted until early 2024, but has since faced deteriorating operating conditions [1] Group 1 - The company saw a massive rally in its stock price post-COVID-19 crash, indicating strong recovery and investor confidence during that period [1] - However, recent months have shown a reversal in fortunes, with operating conditions worsening for the company [1]