Parex Resources Inc. (PXT.TO) Buy, Sell or Hold

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Parex Resources Inc. (PXT.TO)

21.01

+0.16 (0.77%)

as of Jul 3, 2026, 8:00:00 pm Market Open.

292 watching

Investor Insights

Jul 2, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

Parex Resources Inc. (PXT) has shown a notable recovery, with its stock price increasing by 30% year-to-date. The company is currently trading at a low valuation of 8 times earnings and offers an attractive dividend yield of 8.13%. Its balance sheet is solid, highlighted by $75 million in net cash, indicating financial stability despite lower financials compared to previous years. Recent Q2 results were promising, showcasing effective cost management and favorable pricing differentials. The company's guidance remains steady at production levels between 43,000 to 47,000 barrels per day, and experts suggest that the current valuation and dividend make it a compelling investment, even considering its inherent volatility.

Consensus

Buy

Valuation

Undervalued

Similar

Cenovus, CVE

DON'T BUY

It is regarded as lower risk, despite a slightly higher geopolitical risk. They are sitting on $300 million in cash. They are looking for an acquisition outside of their core, so he is a little uneasy on where they are going. There are better names to own first.

COMMENT

Fed bailout? He has no idea yet if VET or PXT would qualify if there was a Federal government incentive. He does not expect a bailout; rather, a lump sum of money available for financing.

TOP PICK

A mid-size oil producer operating in Colombia, 54,000 barrels per day. Production has tripled since 2014. Their earnings have grown 400% in that time. They carry no debt, and have a lot of cash that they use to buyback shares. Maybe current low oil prices will prevent buybacks this year, but they can keep their capital program growing. (Analysts’ price target is $31.02)

TOP PICK

Management has done a great job and will continue to buy back stock this year. It trades at a low multiple. It may trade about 4.5 times this year's cash flow. If you are to own an oil and gas company this is the one. He thinks management will provide some positive drilling results in the near future. Yield 0% (Analysts’ price target is $30.75)

TOP PICK

It is the first oil play he has ever recommended. They have no debt, 10% free cash flow yield and bought back 10% of their shares with another 10% this year. This is not a call on where oil goes from here. They are profitable down to $30 oil. He is comfortable with their 100% exposure to Colombia. (Analysts’ price target is $30.84)

PAST TOP PICK

(A Top Pick Jan 09/19, Up 40%) Darling, because no assets in western Canada. Lots of free cash flow, no debt. Buying back shares. Great company, quality producer. Still likes it, still buying it.

DON'T BUY

It is a solid producer with solid partnerships in Colombia. He prefers GTE-T.

STRONG BUY

Loves it. Best place in the E&P space. They've been buying back a ton of stock. Clean balance sheet and cash flow growth. They've seen exploration successes. It's his go-to name in the space. Strong managers have hit all their targets.

TOP PICK

They continue to buy back shares. They can grow 5%, buy back 10% of their shares and still have positive cash flow. They are looking to increase their inventory in Colombia. Yield 0% (Analysts’ price target is $30.04)

PAST TOP PICK

(A Top Pick Dec 21/18, Up 22%) A Colombian energy play. It had announced they had bought back 10% of their shares. It does not have any infrastructure constraints like its Canadian peers. It receives Brent pricing for its oil. They have lots of cash which allows them to another share buyback, likely in December. If you want to be in energy, you can't go wrong. It trades at 3 times cash flow.

TOP PICK

Operate in Colombia, so they get international oil prices plus there's abundant pipeline capacity. Tripled production since 2013. Flush with cash. Share buybacks. Inexpensive. No dividend. (Analysts’ price target is $30.42)

BUY

Trading at less than 3x next year's free cash flow based on $70 Brent. He would buy this. They are actively buying back shares. A very well-run company.

PAST TOP PICK

(A Top Pick Aug 23/18, Up 2%) A postive gain on any Canadian energy holding is a real winner. They announced they will sell some of their Colombian mature assets to fund growth. They did not receive the bids they wanted and used their cash to buy back almost 10% of the share float. Production per share is up 25%, yet the stock is flat. They don't suffer from Norther American infrastructure constraints. A table pounding buy. Yield 0%

BUY

Thinks it's a good company with high volume oil production. A lot of their production comes from South America. One of the favoured stock in the sector. If you can stomach volatility, it is a good name to be in.

PAST TOP PICK

(A Top Pick Aug 01/18, Down 11%) Still likes it, but was stuck in a corporate drama when the managers failed to sell it at the wrong time, when oil prices peaked a year ago. They got a few lousy bids for actually productive assets. Now, it's business as usual, producing 52,000 barrels a day from Colombia that get international pricing. They're growing production 20% a year and growing cash flow per share by 9%. They also buy back stock and don't carry debt on the books. Trades at 6x earnings. The market disagrees, but he's happy to hold it.

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Parex Resources Inc. (PXT.TO)