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 Dec, 14, 2018, 4:09 am

15.19 0.38 (2.44%)

What the experts are saying about PXT-T



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Signal Opinion Expert
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

TOP PICK
Parex Resources Inc.(PXT-T) 

October 26, 2018

It's done very well over the past 5 years. A favourite of his. They just announced a strategic plan to maybe sell the company and will announce plans before Christmas. It's buying back shares and is one of the few companies without debt. Their cash flows have been growing consistently in past years. He was buying shares yesterday; it's cheap now. (Analysts' price target $31.08)

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It's done very well over the past 5 years. A favourite of his. They just announced a strategic plan to maybe sell the company and will announce plans before Christmas. It's buying back shares and is one of the few companies without debt. Their cash flows have been growing consistently in past years. He was buying shares yesterday; it's cheap now. (Analysts' price target $31.08)

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$19.350
Owned Owned
Yes

BUY
Parex Resources Inc.(PXT-T) 

October 15, 2018

It is a good name.  He would own it again.  As we resolve issues, he would trade this or the similar one in his Top Picks.  The long term trend should re-assert itself.

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It is a good name.  He would own it again.  As we resolve issues, he would trade this or the similar one in his Top Picks.  The long term trend should re-assert itself.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$20.810
Owned Owned
No

HOLD
Parex Resources Inc.(PXT-T) 

October 3, 2018

Management recently did a strategic review of the company, effectively putting itself up for sale.  He bought into it around $19 per share.  He expects this could be an acquisition target.  He likes the exposure to world market prices for oil.  He thinks there is upside to $25.  

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Management recently did a strategic review of the company, effectively putting itself up for sale.  He bought into it around $19 per share.  He expects this could be an acquisition target.  He likes the exposure to world market prices for oil.  He thinks there is upside to $25.  

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Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$21.560
Owned Owned
Yes

HOLD
Parex Resources Inc.(PXT-T) 

September 28, 2018

A Colombian oil producer that they own currently. The company recently put itself up for sale. He thinks this company feels some of the assets may have reached a maturity point, especially the Colombian assets. He thinks the company is under-valued by about $2-$3 per share and that is why they continue to hold it.

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A Colombian oil producer that they own currently. The company recently put itself up for sale. He thinks this company feels some of the assets may have reached a maturity point, especially the Colombian assets. He thinks the company is under-valued by about $2-$3 per share and that is why they continue to hold it.

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Dennis da Silva

Managing D, Middlefield Capital ...

Price Price
$21.950
Owned Owned
Yes

BUY
Parex Resources Inc.(PXT-T) 

September 14, 2018

Big swings in 2014-5, then a downside in 2016, but an overall uptrend since 2014. If energy gets a little momentum, Parex will shoot ahead. It's one of the best in energy. He sold it this spring and wants to buy it back.

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Big swings in 2014-5, then a downside in 2016, but an overall uptrend since 2014. If energy gets a little momentum, Parex will shoot ahead. It's one of the best in energy. He sold it this spring and wants to buy it back.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$20.380
Owned Owned
No

TOP PICK
Parex Resources Inc.(PXT-T) 

August 23, 2018

Liked it for a long time. Started buying 7 years ago. Unusual problem of generate too much cash flow and not having the opportunity to allocate that cash flow within Colombia where they operate.  (Analysts’ price target is $31.94)

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Liked it for a long time. Started buying 7 years ago. Unusual problem of generate too much cash flow and not having the opportunity to allocate that cash flow within Colombia where they operate.  (Analysts’ price target is $31.94)

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Don Lato

President, Padlock Investment M...

Price Price
$19.110
Owned Owned
Yes

BUY
Parex Resources Inc.(PXT-T) 

August 17, 2018

He is a new shareholder in this.  Normally he would not be involved with the geopolitical risks of Colombia, but the recent announcement of a strategic review of the company has him interested.  The fall to today’s price, it looks much more reasonably valued.  This could be a $30 stock, especially with its exposure to Brent oil pricing.  

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He is a new shareholder in this.  Normally he would not be involved with the geopolitical risks of Colombia, but the recent announcement of a strategic review of the company has him interested.  The fall to today’s price, it looks much more reasonably valued.  This could be a $30 stock, especially with its exposure to Brent oil pricing.  

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$18.540
Owned Owned
Yes

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. 

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

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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.  

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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.  

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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.

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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.

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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$19.290
Owned Owned
Unknown

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