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

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Parex Resources Inc.

PXT-T

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Parex Resources Inc. (PXT-T) SAVE Feb, 23, 2019, 9:10 am

20.79 0.41 (2.01%)

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Signal Opinion Expert
HOLD
Parex Resources Inc.(PXT-T) 

February 20, 2019

They produce oil in Colombia. He likes the balance sheet and the production growth. Management is educated in the region. He thinks this is a good holding for the energy space. They may be a good take out target in the future.
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They produce oil in Colombia. He likes the balance sheet and the production growth. Management is educated in the region. He thinks this is a good holding for the energy space. They may be a good take out target in the future.
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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$20.180
Owned Owned
Unknown

PAST TOP PICK
Parex Resources Inc.(PXT-T) 

February 14, 2019

(A Top Pick Jan 18/18, Up 1%) It is cheap with a great balance sheet so the reason for buying it still holds. They failed to sell a portion of their business. They have a fair bit of exploration targets and they get Brent pricing.
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(A Top Pick Jan 18/18, Up 1%) It is cheap with a great balance sheet so the reason for buying it still holds. They failed to sell a portion of their business. They have a fair bit of exploration targets and they get Brent pricing.
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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$19.460
Owned Owned
Yes

PARTIAL BUY
Parex Resources Inc.(PXT-T) 

February 4, 2019

It has had less of a move than others. $20 is critical. We need to see it get through this resistance. If it does we could easily get to $26. You could buy half now and the other half when it gets through $20. It is seasonally positive right now. (Analysts’ price target is $28.58)
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It has had less of a move than others. $20 is critical. We need to see it get through this resistance. If it does we could easily get to $26. You could buy half now and the other half when it gets through $20. It is seasonally positive right now. (Analysts’ price target is $28.58)
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$19.230
Owned Owned
Unknown

TOP PICK
Parex Resources Inc.(PXT-T) 

January 30, 2019

OPEC doesn't want oil to fall that low. $65 oil is possible. There's definite upside here. Even Canadian oil is improving, though slowly. Canada needs more pipelines to the US and more markets, namely China. Railways have stepped up, but it's not the safest way to transport oil. He's bullish Canadian oil. (Analysts’ price target is $28.58)
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OPEC doesn't want oil to fall that low. $65 oil is possible. There's definite upside here. Even Canadian oil is improving, though slowly. Canada needs more pipelines to the US and more markets, namely China. Railways have stepped up, but it's not the safest way to transport oil. He's bullish Canadian oil. (Analysts’ price target is $28.58)
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Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$19.420
Owned Owned
Yes

BUY
Parex Resources Inc.(PXT-T) 

January 25, 2019

He bought it two weeks ago. They have improved their reserve life index from 4 to 11 years. Their netbacks are expected to grow 19% this year. They will likely buy back 10% of their shares next year. There is Colombian exposure, but for 4% weight in his portfolio he is happy to take the risk.
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He bought it two weeks ago. They have improved their reserve life index from 4 to 11 years. Their netbacks are expected to grow 19% this year. They will likely buy back 10% of their shares next year. There is Colombian exposure, but for 4% weight in his portfolio he is happy to take the risk.
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$18.980
Owned Owned
Yes

BUY
Parex Resources Inc.(PXT-T) 

January 14, 2019

Loves it. One of his biggest holdings. It got hammered, but actually holds net cash and generates $4+/share. Incredibly cheap. They get Brent Oil pricing, another upside. It'll go back to mid-$20's.
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Loves it. One of his biggest holdings. It got hammered, but actually holds net cash and generates $4+/share. Incredibly cheap. They get Brent Oil pricing, another upside. It'll go back to mid-$20's.
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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$18.730
Owned Owned
Yes

TOP PICK
Parex Resources Inc.(PXT-T) 

January 9, 2019

Oil was a dirty word last year, and Parex got immersed in controversy. Mid-size rapidly growing producer of oil. Owns some of highest netbacks, which are operating margins, of any Canadian oil producer. Tripled production since 2013, but quintupled EPS, which is unique in the resource space. Compelling buying opportunity right here, right now. No dividend. (Analysts’ price target is $29.11)
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Oil was a dirty word last year, and Parex got immersed in controversy. Mid-size rapidly growing producer of oil. Owns some of highest netbacks, which are operating margins, of any Canadian oil producer. Tripled production since 2013, but quintupled EPS, which is unique in the resource space. Compelling buying opportunity right here, right now. No dividend. (Analysts’ price target is $29.11)
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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$17.570
Owned Owned
Yes

WEAK BUY
Parex Resources Inc.(PXT-T) 

January 7, 2019

He is not a big fan of the oil business. Their cost of production is pretty good. They are in Columbia. You could play it but it is not an investment.
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He is not a big fan of the oil business. Their cost of production is pretty good. They are in Columbia. You could play it but it is not an investment.
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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$17.250
Owned Owned
Unknown

PAST TOP PICK
Parex Resources Inc.(PXT-T) 

December 21, 2018

(A Top Pick Nov 30/17, Down 9%) A change in strategy seems to have confused investors. The assets continue to grow and they have had good success with the assets in Colombia. It is as cheap a stock as you can find. This is a table pounding buy.
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(A Top Pick Nov 30/17, Down 9%) A change in strategy seems to have confused investors. The assets continue to grow and they have had good success with the assets in Colombia. It is as cheap a stock as you can find. This is a table pounding buy.
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Don Lato

President, Padlock Investment M...

Price Price
$15.100
Owned Owned
Yes

TOP PICK
Parex Resources Inc.(PXT-T) 

December 21, 2018

Any bids they received on assets for sale were rejected this week by the company. They felt the market was not showing strong enough bids -- primarily with oil prices trading a depressed levels currently. The company is undertaking a bid for 10% of their float of stock, which is nicely impacting the share price. Trading at less than 2.7 times next year's cash flow, which is also growing by 20%. Their production is priced on Brent oil prices. A table pounding buy. Yield 0% (Analysts’ price target is $29.11)
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Any bids they received on assets for sale were rejected this week by the company. They felt the market was not showing strong enough bids -- primarily with oil prices trading a depressed levels currently. The company is undertaking a bid for 10% of their float of stock, which is nicely impacting the share price. Trading at less than 2.7 times next year's cash flow, which is also growing by 20%. Their production is priced on Brent oil prices. A table pounding buy. Yield 0% (Analysts’ price target is $29.11)
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Don Lato

President, Padlock Investment M...

Price Price
$15.100
Owned Owned
Yes

HOLD
Parex Resources Inc.(PXT-T) 

November 28, 2018

He likes this and thinks they have great assets in South America and are not exposed to the Canadian differential market. A high quality name.
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He likes this and thinks they have great assets in South America and are not exposed to the Canadian differential market. A high quality name.
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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$16.430
Owned Owned
No

BUY
Parex Resources Inc.(PXT-T) 

November 27, 2018

Pristine balance sheet with $3/share net cash. They're now up for sale after a strategic review. He expects a major will take this out. His take-out price is in the high-$20's.
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Pristine balance sheet with $3/share net cash. They're now up for sale after a strategic review. He expects a major will take this out. His take-out price is in the high-$20's.
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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$16.100
Owned Owned
Unknown

DON'T BUY
Parex Resources Inc.(PXT-T) 

November 16, 2018

This name is fine. Their upside now is to monetize some of their assets. They are based in Columbia. There is still an element of uncertainty. There are many other names in Canada he would rather buy. Nothing fundamentally wrong, but taking on more risk with this name.
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This name is fine. Their upside now is to monetize some of their assets. They are based in Columbia. There is still an element of uncertainty. There are many other names in Canada he would rather buy. Nothing fundamentally wrong, but taking on more risk with this name.
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$17.450
Owned Owned
No

PAST TOP PICK
Parex Resources Inc.(PXT-T) 

October 29, 2018

(Past Top Pick Nov. 30, 2017, Up 7%)  He still own this and will talk about it later (in the show).

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(Past Top Pick Nov. 30, 2017, Up 7%)  He still own this and will talk about it later (in the show).

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Don Lato

President, Padlock Investment M...

Price Price
$18.420
Owned Owned
Yes

TOP PICK
Parex Resources Inc.(PXT-T) 

October 29, 2018

The best-performing energy stock a year ago, but in July they announced they'd sell their Colombian developmen properties and distributing the cash to shareholders. It's a successful exploration company. They had been generating so much cash flow from their Colombian success that they felt they were being penalized for it, because they couldn't reinvest that cash fast enough. The market took it very negatively. Plus, their August earnings announced a dry well, and triggered more selling. Now, it's one of the worst energy performers. That said, since August they've had two successful well announcements that nobody noticed. Sometimes the market acts irrationally on a stock like this one. Trading at 3.2x cash flow. (Analysts' price target $31.08)

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The best-performing energy stock a year ago, but in July they announced they'd sell their Colombian developmen properties and distributing the cash to shareholders. It's a successful exploration company. They had been generating so much cash flow from their Colombian success that they felt they were being penalized for it, because they couldn't reinvest that cash fast enough. The market took it very negatively. Plus, their August earnings announced a dry well, and triggered more selling. Now, it's one of the worst energy performers. That said, since August they've had two successful well announcements that nobody noticed. Sometimes the market acts irrationally on a stock like this one. Trading at 3.2x cash flow. (Analysts' price target $31.08)

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Don Lato

President, Padlock Investment M...

Price Price
$18.420
Owned Owned
Yes

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