Parex Resources Inc.

PXT-T

Analysis and Opinions about PXT-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
August 27, 2019
(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%
Show full opinionHide full opinion
(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
BUY
August 23, 2019
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.
Show full opinionHide full opinion
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
PAST TOP PICK
August 7, 2019
(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.
Show full opinionHide full opinion
(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.
BUY
BUY
July 19, 2019
A solid company trading at 14% free cash flow. They will buyback shares later this year, which other oil companies should do.
Show full opinionHide full opinion
A solid company trading at 14% free cash flow. They will buyback shares later this year, which other oil companies should do.
COMMENT
COMMENT
July 17, 2019

Gran Tierra (GTE-T) vs Parex Resources (PXT-T). A tale of comparing two brothers. Both are in South America with Columbian core assets. Parex being a pure play vs Gran Tierra having ventured into Peru and Brazil and have exited these areas and now looking at Mexico and so forth. Prefers Parex as a South American play, very consistant. Gran Tierra has had its misteps, still has very good core Columbian assets.

Show full opinionHide full opinion

Gran Tierra (GTE-T) vs Parex Resources (PXT-T). A tale of comparing two brothers. Both are in South America with Columbian core assets. Parex being a pure play vs Gran Tierra having ventured into Peru and Brazil and have exited these areas and now looking at Mexico and so forth. Prefers Parex as a South American play, very consistant. Gran Tierra has had its misteps, still has very good core Columbian assets.

PAST TOP PICK
PAST TOP PICK
July 11, 2019
(A Top Pick Aug 01/18, Down 7%) They did a failed assets sale last year at the wrong time when oil markets peaked then slid. They received lousy bids. It's still a great growth story with a good drill program. They're operating in Colombia, so they get international pricing, not low Canadian. They are buying back a lot of shares. He's happy holding this for the long term.
Show full opinionHide full opinion
(A Top Pick Aug 01/18, Down 7%) They did a failed assets sale last year at the wrong time when oil markets peaked then slid. They received lousy bids. It's still a great growth story with a good drill program. They're operating in Colombia, so they get international pricing, not low Canadian. They are buying back a lot of shares. He's happy holding this for the long term.
WATCH
WATCH
May 31, 2019

They have ended their strategy view and have decided to not sell the company. They thought is was worth $30 per share. It has cheap metrics and receives Brent pricing for its oil. They had a dry hole recently, which prompted them to exit their holding.

Show full opinionHide full opinion

They have ended their strategy view and have decided to not sell the company. They thought is was worth $30 per share. It has cheap metrics and receives Brent pricing for its oil. They had a dry hole recently, which prompted them to exit their holding.

BUY
BUY
May 29, 2019

It is one of two energy holdings he still has. It operates exclusively in Colombia. It trades at 4.5 times cash flow. It is doing a share buyback, which he likes. There is still lots of growth opportunity. They are virtually debt free.

Show full opinionHide full opinion

It is one of two energy holdings he still has. It operates exclusively in Colombia. It trades at 4.5 times cash flow. It is doing a share buyback, which he likes. There is still lots of growth opportunity. They are virtually debt free.

BUY
BUY
May 10, 2019
A previous Top Pick. It had suffered during their sell off process that went no where. They are not subject to the same issues as domestic producers -- getting high netbacks based on Brent oil prices. The one knock is that their reserve life is a shorter compared to their peers. He would still look to add to any position. (Analysts’ price target is $30.83)
Show full opinionHide full opinion
A previous Top Pick. It had suffered during their sell off process that went no where. They are not subject to the same issues as domestic producers -- getting high netbacks based on Brent oil prices. The one knock is that their reserve life is a shorter compared to their peers. He would still look to add to any position. (Analysts’ price target is $30.83)
PAST TOP PICK
PAST TOP PICK
May 8, 2019
(A Top Pick May 16/18, Down 8%) Had a good report today, though it's been a rollercoaster the past year. Oil prices fell off their peak last summer. Also PXT put itself up for auction at the same time. Not good and it didn't work. Earnings reported today up 18% and production 26%. High cash flow and margins and bought back shares the last quarter. Better days are ahead and he likes it.
Show full opinionHide full opinion
(A Top Pick May 16/18, Down 8%) Had a good report today, though it's been a rollercoaster the past year. Oil prices fell off their peak last summer. Also PXT put itself up for auction at the same time. Not good and it didn't work. Earnings reported today up 18% and production 26%. High cash flow and margins and bought back shares the last quarter. Better days are ahead and he likes it.
HOLD
HOLD
April 26, 2019
Issues in Russia? There is a contamination issue with their oil in Russia. He thinks it will be resolved. They are growing production and buying back stock out of free cash-flow -- he likes that. A well run company, that he took profit with a while ago. He would continue to hold it if you do, but he sees better opportunity for new money.
Show full opinionHide full opinion
Issues in Russia? There is a contamination issue with their oil in Russia. He thinks it will be resolved. They are growing production and buying back stock out of free cash-flow -- he likes that. A well run company, that he took profit with a while ago. He would continue to hold it if you do, but he sees better opportunity for new money.
DON'T BUY
DON'T BUY
April 11, 2019

With the differential in Calgary these guys performed well due to South American assets. They don't have the same pipeline issues. The concern is where their future growth is going to come from. You can get better value in Canadian names that have been beat up.

Show full opinionHide full opinion

With the differential in Calgary these guys performed well due to South American assets. They don't have the same pipeline issues. The concern is where their future growth is going to come from. You can get better value in Canadian names that have been beat up.

BUY
BUY
April 11, 2019
Likes it, but admits it's had a wild ride in the past 12 months. It's a midcap growth company that growing earnings and cash flow, which has been elusive in Alberta. They actually operate in Colombia, producing 25% more oil in the past year. 2018's stock turbulence was due to a failed auction--didn't get any company bids they liked, so investors fled. It's now dramatically undervalued. Great growth to come. Colombia's political risk has waned. vs. CNQ, the comparison is unfair, because PXT is much smaller, but the point is access to markets to Colombia is key.
Show full opinionHide full opinion
Likes it, but admits it's had a wild ride in the past 12 months. It's a midcap growth company that growing earnings and cash flow, which has been elusive in Alberta. They actually operate in Colombia, producing 25% more oil in the past year. 2018's stock turbulence was due to a failed auction--didn't get any company bids they liked, so investors fled. It's now dramatically undervalued. Great growth to come. Colombia's political risk has waned. vs. CNQ, the comparison is unfair, because PXT is much smaller, but the point is access to markets to Colombia is key.
BUY
BUY
April 9, 2019

It is testing recent highs of Oct. 2018 and could break out. As for WTI oil, it could hit $80-90, but expects strong resistance at $66. He's bearish commodities. It's okay to hold oil now to the summer, then peel back your holdings.

Show full opinionHide full opinion

It is testing recent highs of Oct. 2018 and could break out. As for WTI oil, it could hit $80-90, but expects strong resistance at $66. He's bearish commodities. It's okay to hold oil now to the summer, then peel back your holdings.

BUY
BUY
March 13, 2019
He's liked this for a long time; it's his biggest Canadian holding. They struggled a little in latter-2018, failing to sell Colombian assets. They took that off the market in December 2018. They've been aggressively buying back their stock and will continue to this year until that Colombian bid runs out. Trading at 3x cash flow. They still have excellent exploration properties. Well-managed. A cheap stock.
Show full opinionHide full opinion
He's liked this for a long time; it's his biggest Canadian holding. They struggled a little in latter-2018, failing to sell Colombian assets. They took that off the market in December 2018. They've been aggressively buying back their stock and will continue to this year until that Colombian bid runs out. Trading at 3x cash flow. They still have excellent exploration properties. Well-managed. A cheap stock.
Showing 16 to 30 of 131 entries