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Parex Resources Inc. Stock Symbol: PXT-T

Last Price Recorded: $14.8400 on 2017-09-22

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Date Signal Expert Opinion Price
2017-09-21 COMMENT Hap (Robert) Sneddon FCSI

Chart shows a downward channel from earlier this year. Expects the whole commodity complex, anything to do with commodities, to do quite well. However this one is not showing initial strength like the rest of them. There is a move from the end of August at around $12 to the current price of $14.86. If you can get this at about $15, you might be happy. This has not been good compared to some of the other names.


Price:
$14.860
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
No
2017-07-06 TOP PICK Jim Huang

To like this, you have to have some confidence that oil prices will not collapse. Even at $40 oil prices, the company will be able to maintain production, maybe not show growth, but keep a good balance sheet. Anything above $40 the company could grow 10% plus year, and be debt free in the next 12-18 months. They have a great track record. Primarily exposed to Colombia light oil. (Analysts’ price target is $22.50.)


Price:
$14.490
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-05-25 PAST TOP PICK Peter Imhof

(A Top Pick May 12/16. Up 22%.) He really likes management. Started out, 5-6 years ago, with 5000 BOE of production. In the recent quarter, they produced 32,500 and their NETBACKS increased quite a bit. There have been 8 consecutive quarters where their transportation costs have gone down. It is one of the only oil/gas companies that has cash on the balance sheet. They increase their production through cash flows, which is a great indication of how they’ve been able to build the NAV. He still likes this.


Price:
$16.460
Subject:
SMALL CAPS
Bias:
BULLISH
Owned:
Yes
2017-05-02 PAST TOP PICK Daniel Lloyd

(A Top Pick March 14/17. Up 8%.) He still loves this. It has been great despite the pretty ugly oil market. A Columbian exploration/production company with a fantastic balance sheet and fantastic assets. Best management team of the internationals.


Price:
$16.460
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2017-03-20 TOP PICK Jim Huang

An oil company in Colombia. Colombia has been one of the hidden gems in South America. The last couple of Colombian presidents have really brought stability to the country. Very friendly to oil exploration. This company has a great track record with previous companies. Good exploration and growing their reserves and production, and it is cheap. With higher oil prices, this will do very well. (Analysts’ price target is $22.)


Price:
$15.830
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-03-14 TOP PICK Daniel Lloyd

This is probably his favourite oil company at the moment. It is a mid-cap, Colombian focused producer, and should average 34,000-35,000 barrels a day this year. There is net cash on the balance sheet and no debt. They generate free cash flow at these oil prices. Great management and great assets. This would be a forever hold, or wait for a takeover hold. (Analysts’ price target is $23.)


Price:
$15.240
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-01-24 PAST TOP PICK Don Lato

(A Top Pick Jan 27/16. Up 65%.) This grew tremendously on new fields and new production. In spite of the big move over the last year, it is off about 20% from its high.


Price:
$15.560
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-01-24 TOP PICK Don Lato

Off about 20% from its highs in early December. They announced some drill results on a field in Colombia, and on the surface they were less than some of the prior results out of this area. However, the company was not at all concerned. This was more of a well-structured delineation of the well, and the well keeps growing. The potential on this well and some of the other wells remains huge. Still trading at about 6X this year’s cash flow, 4.5X next year’s, and they have no debt. At these levels, this is a real table pounding Buy. (Analysts’ price target is $19.96.)


Price:
$15.560
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-01-16 PAST TOP PICK Jason Mann

(Top Pick Feb12/16, Up 70.92%) There was no bankruptcy risk.  It is up. The balance sheet is still in great shape. The cash flow has not increased to support the new price level of the stock.  He would shift out of it.


Price:
$15.380
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-01-04 BUY Craig Porter

A company that has built up production and has no debt on the books. They are continuing to expand in areas that nobody else wanted to go into for years. Politics in Colombia are changing for the better.


Price:
$17.590
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2016-12-20 PAST TOP PICK Peter Imhof

(Top Pick May 12/16, Up 28.05%) It is a premier oil and gas play, in Columbia.  It is one of the only ones that is not levered so you don’t get as much torque.  He loves the story and it is his second largest holding.  Now is the time to hold it because they have a lot of drilling results coming out.  He expects production to continue to grow.


Price:
$17.200
Subject:
NORTH AMERICAN - SMALL
Bias:
SELECTIVE
Owned:
Yes
2016-12-06 PAST TOP PICK Mason Granger

(A Top Pick July 21/16. Up 30.82%.) Views this as the gold standard in terms of Canadian listed International stocks. An oil producer in Colombia. They have an absolutely stellar track record of creating shareholder value. Basically has no debt. Feels they can cover the cash costs of their production down into the low $30s, and if they run a $50 Brent crude budget, they match their capital expenditures to their cash flow. Should be able to deliver 15%-22% of growth in production.


Price:
$17.230
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2016-10-07 DON'T BUY Eric Nuttall

(Market Call Minute.) Great company, but it is too popular for him. Trades at a pretty high multiple.


Price:
$16.870
Subject:
ENERGY & SMALL CAP EQUITIES
Bias:
BULLISH on OIL
Owned:
No
2016-07-21 TOP PICK Mason Granger

Putting this out as his favourite international name. It is a Colombian focused, light oil portfolio. This is grown from nothing to 30,000 barrels a day. Their exploration success has been excellent. They have a business plan that works at $30 a barrel as much is it works at $60. There is no debt on the balance sheet.


Price:
$13.170
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2016-07-20 TOP PICK Peter Imhof

They’ve done nothing but exceed his expectations. Have had 15 quarters in a row of production growth. Started at about 5000 barrels’ equivalent a day, and are now at 29,000. They have a target to get to 50,000 over the next couple of years. Pristine balance sheet.


Price:
$13.070
Subject:
NORTH AMERICAN - SMALL
Bias:
UNKNOWN
Owned:
Yes
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