Parex Resources Inc. (PXT-T) Stock Predictions - Stockchase
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Parex Resources Inc. (PXT-T)

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oil/gas

Parex Resources Inc. Parex Resources Inc.
PXT-T

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oil/gas

Parex Resources Inc. (PXT-T) SAVE

19

0.41 (2.21%)

Aug, 17, 2018, 12:00 am

OPINIONS

What the experts are saying about PXT-T



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WEAK BUY
Parex Resources Inc.(PXT-T) 

August 14, 2018

He has a $31 target. Exploration disappointed; results were soft. So, be cautious with this. 

oil/gas

He has a $31 target. Exploration disappointed; results were soft. So, be cautious with this. 

oil/gas
Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$19.220
Owned Owned
No

HOLD
Parex Resources Inc.(PXT-T) 

August 10, 2018

It has been a large position in their portfolio.  A great management team that has grown the volume from under 10,000 boed to 45,000 boed.  They have decided to look for a strategic exit of the Colombia assets and this may have spooked investors.  He does not expect management to do anything crazy.  He continues to recommend holding it, expecting it to sustain $18.  

oil/gas

It has been a large position in their portfolio.  A great management team that has grown the volume from under 10,000 boed to 45,000 boed.  They have decided to look for a strategic exit of the Colombia assets and this may have spooked investors.  He does not expect management to do anything crazy.  He continues to recommend holding it, expecting it to sustain $18.  

oil/gas
Mike Archibald

Associate , AGF Investments...

Price Price
$19.060
Owned Owned
Yes

WATCH

It was the darling of the energy sector and most of their production is outside of Canada.  He will have to re-look at it with today's move.  He thinks he will most likely end up eventually buying it.  Don’t rush into it.

oil/gas

It was the darling of the energy sector and most of their production is outside of Canada.  He will have to re-look at it with today's move.  He thinks he will most likely end up eventually buying it.  Don’t rush into it.

oil/gas
Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$19.290
Owned Owned
Unknown

TOP PICK

Is a midsize, rapidly growing Canadian based but Columbia operating energy producer.  Has some of the highest operating profits in the oil batch.  There are 2 pipelines that allow them to get their product to tide water.  It has grown quickly.  It has quadrupled cash flow and gives a 26% return on shareholders’ equity.  The catalyst has opened up a strategic review process and effectively has put the company up for sale so could see this company sold to a larger player. (Analysts’ price target is $ 32.55)

oil/gas

Is a midsize, rapidly growing Canadian based but Columbia operating energy producer.  Has some of the highest operating profits in the oil batch.  There are 2 pipelines that allow them to get their product to tide water.  It has grown quickly.  It has quadrupled cash flow and gives a 26% return on shareholders’ equity.  The catalyst has opened up a strategic review process and effectively has put the company up for sale so could see this company sold to a larger player. (Analysts’ price target is $ 32.55)

oil/gas
Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$22.850
Owned Owned
Yes

DON'T BUY

Trying to monetize their existing producing assets and become an exploration company. Is there a buyer for these assets in Columbia?  People have been selling the stock because this is a very significant shift.  

oil/gas

Trying to monetize their existing producing assets and become an exploration company. Is there a buyer for these assets in Columbia?  People have been selling the stock because this is a very significant shift.  

oil/gas
Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$23.250
Owned Owned
No

PAST TOP PICK

(A Top Pick July 6/17 - Up 72%.)  He still likes it. Oil has come up since last year and also the company has managed the budget wisely. Most business is done in Colombia. A good country to do business for oil. Stable. (Analysts’ price target is $31.95)

oil/gas

(A Top Pick July 6/17 - Up 72%.)  He still likes it. Oil has come up since last year and also the company has managed the budget wisely. Most business is done in Colombia. A good country to do business for oil. Stable. (Analysts’ price target is $31.95)

oil/gas
Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$25.200
Owned Owned
Yes

BUY

He would buy it right here right now.  They have credible plans through drilling inventory to grow production.  In Columbia they track international pricing more closely.  Canada has been a travesty in terms of business in the competitive environment and getting product to market.  We are captive to another country – The US.  Colombia has plenty of pipeline access.  Two weeks ago Colombia elected a pro business leader.

oil/gas

He would buy it right here right now.  They have credible plans through drilling inventory to grow production.  In Columbia they track international pricing more closely.  Canada has been a travesty in terms of business in the competitive environment and getting product to market.  We are captive to another country – The US.  Colombia has plenty of pipeline access.  Two weeks ago Colombia elected a pro business leader.

oil/gas
Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$24.420
Owned Owned
Yes

BUY

A report was published Monday night where they reported a couple of dry holes for the first time in a long time. They operate in Colombia. He'd buy at these levels. It's been a tremendous success story. They've grown from producing 5,000 to 45,000 barrels a day over the past five years. The new right-wing government in Colombia will be friendly to drilling companies. This is the premier Canadian oil and gas investment.

oil/gas

A report was published Monday night where they reported a couple of dry holes for the first time in a long time. They operate in Colombia. He'd buy at these levels. It's been a tremendous success story. They've grown from producing 5,000 to 45,000 barrels a day over the past five years. The new right-wing government in Colombia will be friendly to drilling companies. This is the premier Canadian oil and gas investment.

oil/gas
Don Lato

President, Padlock Investment M...

Price Price
$23.980
Owned Owned
Yes

TOP PICK

A producer of oil in Colombia, which lacks the takeaway isses that plague western Canada. PXT has tripled its production over five years. It carries no debt and has started share buybacks. It grew earnings by 64% year over year. (Analysts' price target $28.73)

oil/gas

A producer of oil in Colombia, which lacks the takeaway isses that plague western Canada. PXT has tripled its production over five years. It carries no debt and has started share buybacks. It grew earnings by 64% year over year. (Analysts' price target $28.73)

oil/gas
Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$23.460
Owned Owned
Yes

BUY

This is his second-biggest equity position.It is tremendously well run, has had tremendous partnerships. They get Brent pricing

oil/gas

This is his second-biggest equity position.It is tremendously well run, has had tremendous partnerships. They get Brent pricing

oil/gas
James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$23.400
Owned Owned
Yes

DON'T BUY

People love this stock. It has cash on the balance sheet and no debt. They do 37000 boe/day. He prefers Gran Tierra, which also drills in Columbia. The stock sells at a significant premium to book value. The stock has almost doubled in the last year. Sell Parex and buy Gran Tierra on weakness.

oil/gas

People love this stock. It has cash on the balance sheet and no debt. They do 37000 boe/day. He prefers Gran Tierra, which also drills in Columbia. The stock sells at a significant premium to book value. The stock has almost doubled in the last year. Sell Parex and buy Gran Tierra on weakness.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

Price Price
$21.960
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick November 30/17 Up 22%)   A Colombian oil play that he has held for several years.  It has benefited from Brent oil prices.  Production has increased and it reached another 52 week high in price.  It is still cheap at six times cash flow. 

oil/gas

(A Top Pick November 30/17 Up 22%)   A Colombian oil play that he has held for several years.  It has benefited from Brent oil prices.  Production has increased and it reached another 52 week high in price.  It is still cheap at six times cash flow. 

oil/gas
Don Lato

President, Padlock Investment M...

Price Price
$20.980
Owned Owned
Yes

BUY

This is his largest holding in the oil and gas funds.  They grow through their own cash flow and netbacks are great.  They price off Brent oil prices.  Management has always over-delivered.  They have great drilling opportunities and management is A+. 

oil/gas

This is his largest holding in the oil and gas funds.  They grow through their own cash flow and netbacks are great.  They price off Brent oil prices.  Management has always over-delivered.  They have great drilling opportunities and management is A+. 

oil/gas
Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$18.410
Owned Owned
Yes

PAST TOP PICK

(A Top Pick March 20/17, Up 16%) General oil recovery of recent past helps, but they have a proven exploration company in Colombia and managing risk well. Not expensive. Remains one of his favourite names. 

oil/gas

(A Top Pick March 20/17, Up 16%) General oil recovery of recent past helps, but they have a proven exploration company in Colombia and managing risk well. Not expensive. Remains one of his favourite names. 

oil/gas
Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$18.400
Owned Owned
Yes

BUY

The grand daddy of Columbian oil producers.  You get premium pricing, being outside of North America.  It is a goto name in the International space.  They will grow organically.

oil/gas

The grand daddy of Columbian oil producers.  You get premium pricing, being outside of North America.  It is a goto name in the International space.  They will grow organically.

oil/gas
Dennis da Silva

Managing D, Middlefield Capital ...

Price Price
$18.190
Owned Owned
Unknown

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