Parex Resources Inc.

PXT-T

Analysis and Opinions about PXT-T

Signal
Opinion
Expert
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.

WEAK BUY
WEAK BUY
August 14, 2018

He has a $31 target. Exploration disappointed; results were soft. So, be cautious with this.

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He has a $31 target. Exploration disappointed; results were soft. So, be cautious with this.

HOLD
HOLD
August 10, 2018

It has been a large position in their portfolio. A great management team that has grown the volume from under 10,000 boed to 45,000 boed. They have decided to look for a strategic exit of the Colombia assets and this may have spooked investors. He does not expect management to do anything crazy. He continues to recommend holding it, expecting it to sustain $18.

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It has been a large position in their portfolio. A great management team that has grown the volume from under 10,000 boed to 45,000 boed. They have decided to look for a strategic exit of the Colombia assets and this may have spooked investors. He does not expect management to do anything crazy. He continues to recommend holding it, expecting it to sustain $18.

WATCH
WATCH
August 9, 2018

It was the darling of the energy sector and most of their production is outside of Canada. He will have to re-look at it with today's move. He thinks he will most likely end up eventually buying it. Don’t rush into it.

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It was the darling of the energy sector and most of their production is outside of Canada. He will have to re-look at it with today's move. He thinks he will most likely end up eventually buying it. Don’t rush into it.

TOP PICK
TOP PICK
August 1, 2018

Is a midsize, rapidly growing Canadian based but Columbia operating energy producer. Has some of the highest operating profits in the oil patch. There are 2 pipelines that allow them to get their product to tide water. It has grown quickly. It has quadrupled cash flow and gives a 26% return on shareholders’ equity. The catalyst has opened up a strategic review process and effectively has put the company up for sale so could see this company sold to a larger player. (Analysts’ price target is $ 32.55)

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Is a midsize, rapidly growing Canadian based but Columbia operating energy producer. Has some of the highest operating profits in the oil patch. There are 2 pipelines that allow them to get their product to tide water. It has grown quickly. It has quadrupled cash flow and gives a 26% return on shareholders’ equity. The catalyst has opened up a strategic review process and effectively has put the company up for sale so could see this company sold to a larger player. (Analysts’ price target is $ 32.55)

DON'T BUY
DON'T BUY
July 20, 2018

Trying to monetize their existing producing assets and become an exploration company. Is there a buyer for these assets in Columbia? People have been selling the stock because this is a very significant shift.

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Trying to monetize their existing producing assets and become an exploration company. Is there a buyer for these assets in Columbia? People have been selling the stock because this is a very significant shift.

PAST TOP PICK
PAST TOP PICK
July 12, 2018

(A Top Pick July 6/17 - Up 72%.) He still likes it. Oil has come up since last year and also the company has managed the budget wisely. Most business is done in Colombia. A good country to do business for oil. Stable. (Analysts’ price target is $31.95)

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(A Top Pick July 6/17 - Up 72%.) He still likes it. Oil has come up since last year and also the company has managed the budget wisely. Most business is done in Colombia. A good country to do business for oil. Stable. (Analysts’ price target is $31.95)

BUY
BUY
June 28, 2018

He would buy it right here right now. They have credible plans through drilling inventory to grow production. In Columbia they track international pricing more closely. Canada has been a travesty in terms of business in the competitive environment and getting product to market. We are captive to another country – The US. Colombia has plenty of pipeline access. Two weeks ago Colombia elected a pro business leader.

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He would buy it right here right now. They have credible plans through drilling inventory to grow production. In Columbia they track international pricing more closely. Canada has been a travesty in terms of business in the competitive environment and getting product to market. We are captive to another country – The US. Colombia has plenty of pipeline access. Two weeks ago Colombia elected a pro business leader.

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