Parex Resources Inc.

PXT-T

Analysis and Opinions about PXT-T

Signal
Opinion
Expert
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).

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)

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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)

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)

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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)

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.

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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.

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.

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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.

HOLD
HOLD
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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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.

BUY
BUY
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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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.

TOP PICK
TOP PICK
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)

BUY
BUY
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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