Parex Resources Inc.

PXT-T

Analysis and Opinions about PXT-T

Signal
Opinion
Expert
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)
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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)
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
(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)
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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).

Show full opinionHide full opinion

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

TOP PICK
TOP PICK
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)

Show full opinionHide full opinion

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)

TOP PICK
TOP PICK
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)

Show full opinionHide full opinion

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)

BUY
BUY
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.

Show full opinionHide full opinion

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.

HOLD
HOLD
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.

Show full opinionHide full opinion

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.

Showing 31 to 45 of 127 entries