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Parex Resources Inc. Stock Symbol: PXT-T

Last Price Recorded: $15.4600 on 2017-03-24

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Date Signal Expert Opinion Price
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
2016-05-31 COMMENT Dennis da Silva

This is unique in that they have always remained focused on their core Colombian territory. They’ve demonstrated that they can grow the company, create value for shareholders, and deliver above average performance. Has no debt. Expect they will be taking advantage of this downtrend in the next 6-12 months.


Price:
$13.490
Subject:
CANADIAN RESOURCES
Bias:
UNKNOWN
Owned:
Yes
2016-05-27 DON'T BUY Eric Nuttall

A great company, but the stock has had a very, very great run. Looking at the valuation, relative to what he can buy in Canada, he doesn’t understand this one.


Price:
$13.400
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
OPTIMISTIC on OIL
Owned:
No
2016-05-12 TOP PICK Peter Imhof

Management did a great job.  They have low cash costs and have a lot of exploration opportunities.  It is one of his largest holdings in the fund.  All the metrics look outstanding.  They continue to do well, underpromising and overdelivering.


Price:
$13.440
Subject:
NORTH AMERICAN - SMALL
Bias:
BULLISH on SMALL CAPS
Owned:
Yes
2016-03-17 PAST TOP PICK Mason Granger

(A Top Pick April 2/15. Up 34.85%.) Still continues to be a core holding. In the international space it is one of the very few stocks you should consider owning. They have a lot of flexibility in the capital budget. Can dial down capital expenditures, or up, depending on oil prices. A completely pristine balance sheet.


Price:
$11.530
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
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