Parex Resources Inc.

PXT-T

Analysis and Opinions about PXT-T

Signal
Opinion
Expert
BUY
BUY
February 26, 2019
Likes it, though it had a big plunge late last year, reflecting a weak commodity price. PXT also blundered by putting itself up for sale without having an intial stalking horse bid first. Otherwise, it's business as usual with profitable and quickly growing oil production in Colombia at 50,000 barrels of oil a day. CPX makes 25-30% ROE, because they sell at international oil prices, not the lower WCS. He expects PXT to push through old highs. He's bullish.
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Likes it, though it had a big plunge late last year, reflecting a weak commodity price. PXT also blundered by putting itself up for sale without having an intial stalking horse bid first. Otherwise, it's business as usual with profitable and quickly growing oil production in Colombia at 50,000 barrels of oil a day. CPX makes 25-30% ROE, because they sell at international oil prices, not the lower WCS. He expects PXT to push through old highs. He's bullish.
HOLD
HOLD
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.
PAST TOP PICK
PAST TOP PICK
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.
PARTIAL BUY
PARTIAL BUY
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)
TOP PICK
TOP PICK
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)
BUY
BUY
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.
BUY
BUY
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.
TOP PICK
TOP PICK
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)
WEAK BUY
WEAK BUY
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.
PAST TOP PICK
PAST TOP PICK
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.
TOP PICK
TOP PICK
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)
HOLD
HOLD
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.
BUY
BUY
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.
DON'T BUY
DON'T BUY
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.
PAST TOP PICK
PAST TOP PICK
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).

Showing 31 to 45 of 131 entries