Parex Resources Inc. | StockChase
56
Parex Resources Inc. (PXT-T)

Last Price Recorded: $16.7500 on 2017-11-16

ON STOCKCHASE SINCE Dec 2009

oil/gas

Parex Resources Inc.


Signal Opinion Expert

2017-09-28

BUY
Parex Resources Inc. (PXT-T)

It is one of his favourite oil names and is in his top ten.  It came off over a 4 week period and has moved up.  They want to get to 50k BOE per day over the next 5 years.  He can sleep well at night even though it is in Columbia.  It is one of the goto names in Columbia from Canada. 

oil/gas
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $15.040
Owned: Yes

2017-09-27

COMMENT
Parex Resources Inc. (PXT-T)

One of the better oil/gas companies. A solid company. Canadian-based but all their operations are basically in Colombia. Really well run and they’ve been very successful. Thinks the long-term fundamentals are good. If you are going to own an oil and gas company, this is one he would want to own.

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $15.200
Owned: Unknown

2017-09-21

COMMENT
Parex Resources Inc. (PXT-T)

Chart shows a downward channel from earlier this year. Expects the whole commodity complex, anything to do with commodities, to do quite well. However this one is not showing initial strength like the rest of them. There is a move from the end of August at around $12 to the current price of $14.86. If you can get this at about $15, you might be happy. This has not been good compared to some of the other names.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $14.860
Owned: No

2017-07-06

TOP PICK
Parex Resources Inc. (PXT-T)

To like this, you have to have some confidence that oil prices will not collapse. Even at $40 oil prices, the company will be able to maintain production, maybe not show growth, but keep a good balance sheet. Anything above $40 the company could grow 10% plus year, and be debt free in the next 12-18 months. They have a great track record. Primarily exposed to Colombia light oil. (Analysts’ price target is $22.50.)

oil/gas
Jim Huang

President, T.I.P. Wealth Management

Price: $14.490
Owned: Yes

2017-05-25

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

(A Top Pick May 12/16. Up 22%.) He really likes management. Started out, 5-6 years ago, with 5000 BOE of production. In the recent quarter, they produced 32,500 and their NETBACKS increased quite a bit. There have been 8 consecutive quarters where their transportation costs have gone down. It is one of the only oil/gas companies that has cash on the balance sheet. They increase their production through cash flows, which is a great indication of how they’ve been able to build the NAV. He still likes this.

oil/gas
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $16.460
Owned: Yes

2017-05-02

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

(A Top Pick March 14/17. Up 8%.) He still loves this. It has been great despite the pretty ugly oil market. A Columbian exploration/production company with a fantastic balance sheet and fantastic assets. Best management team of the internationals.

oil/gas
Daniel Lloyd

Founder & Portfolio Manager, Sui Generis Investment Partners

Price: $16.460
Owned: Yes

2017-03-20

TOP PICK
Parex Resources Inc. (PXT-T)

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.)

oil/gas
Jim Huang

President, T.I.P. Wealth Management

Price: $15.830
Owned: Yes

2017-03-14

TOP PICK
Parex Resources Inc. (PXT-T)

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.)

oil/gas
Daniel Lloyd

Founder & Portfolio Manager, Sui Generis Investment Partners

Price: $15.240
Owned: Yes

2017-01-24

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

(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.

oil/gas
Don Lato

President, Padlock Investment Management

Price: $15.560
Owned: Yes

2017-01-24

TOP PICK
Parex Resources Inc. (PXT-T)

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.)

oil/gas
Don Lato

President, Padlock Investment Management

Price: $15.560
Owned: Yes

2017-01-16

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

(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.

oil/gas
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $15.380
Owned: No

2017-01-04

BUY
Parex Resources Inc. (PXT-T)

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.

oil/gas
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Management

Price: $17.590
Owned: Yes

2016-12-20

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

(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.

oil/gas
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $17.200
Owned: Yes

2016-12-06

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

(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.

oil/gas
Mason Granger

Portfolio Manager, Sentry Investments

Price: $17.230
Owned: Yes

2016-10-07

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

(Market Call Minute.) Great company, but it is too popular for him. Trades at a pretty high multiple.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $16.870
Owned: No

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