Parex Resources Inc.

PXT-T

Analysis and Opinions about PXT-T

Signal
Opinion
Expert
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.

BUY
BUY
June 27, 2018

A report was published Monday night where they reported a couple of dry holes for the first time in a long time. They operate in Colombia. He'd buy at these levels. It's been a tremendous success story. They've grown from producing 5,000 to 45,000 barrels a day over the past five years. The new right-wing government in Colombia will be friendly to drilling companies. This is the premier Canadian oil and gas investment.

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A report was published Monday night where they reported a couple of dry holes for the first time in a long time. They operate in Colombia. He'd buy at these levels. It's been a tremendous success story. They've grown from producing 5,000 to 45,000 barrels a day over the past five years. The new right-wing government in Colombia will be friendly to drilling companies. This is the premier Canadian oil and gas investment.

TOP PICK
TOP PICK
May 16, 2018

A producer of oil in Colombia, which lacks the takeaway isses that plague western Canada. PXT has tripled its production over five years. It carries no debt and has started share buybacks. It grew earnings by 64% year over year. (Analysts' price target $28.73)

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A producer of oil in Colombia, which lacks the takeaway isses that plague western Canada. PXT has tripled its production over five years. It carries no debt and has started share buybacks. It grew earnings by 64% year over year. (Analysts' price target $28.73)

BUY
BUY
May 15, 2018

This is his second-biggest equity position.It is tremendously well run, has had tremendous partnerships. They get Brent pricing

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This is his second-biggest equity position.It is tremendously well run, has had tremendous partnerships. They get Brent pricing

DON'T BUY
DON'T BUY
May 1, 2018

People love this stock. It has cash on the balance sheet and no debt. They do 37000 boe/day. He prefers Gran Tierra, which also drills in Columbia. The stock sells at a significant premium to book value. The stock has almost doubled in the last year. Sell Parex and buy Gran Tierra on weakness.

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People love this stock. It has cash on the balance sheet and no debt. They do 37000 boe/day. He prefers Gran Tierra, which also drills in Columbia. The stock sells at a significant premium to book value. The stock has almost doubled in the last year. Sell Parex and buy Gran Tierra on weakness.

PAST TOP PICK
PAST TOP PICK
April 20, 2018

(A Top Pick November 30/17 Up 22%) A Colombian oil play that he has held for several years. It has benefited from Brent oil prices. Production has increased and it reached another 52 week high in price. It is still cheap at six times cash flow.

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(A Top Pick November 30/17 Up 22%) A Colombian oil play that he has held for several years. It has benefited from Brent oil prices. Production has increased and it reached another 52 week high in price. It is still cheap at six times cash flow.

BUY
BUY
April 6, 2018

This is his largest holding in the oil and gas funds. They grow through their own cash flow and netbacks are great. They price off Brent oil prices. Management has always over-delivered. They have great drilling opportunities and management is A+.

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This is his largest holding in the oil and gas funds. They grow through their own cash flow and netbacks are great. They price off Brent oil prices. Management has always over-delivered. They have great drilling opportunities and management is A+.

PAST TOP PICK
PAST TOP PICK
March 26, 2018

(A Top Pick March 20/17, Up 16%) General oil recovery of recent past helps, but they have a proven exploration company in Colombia and managing risk well. Not expensive. Remains one of his favourite names.

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(A Top Pick March 20/17, Up 16%) General oil recovery of recent past helps, but they have a proven exploration company in Colombia and managing risk well. Not expensive. Remains one of his favourite names.

BUY
BUY
March 8, 2018

The grand daddy of Columbian oil producers. You get premium pricing, being outside of North America. It is a goto name in the International space. They will grow organically.

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The grand daddy of Columbian oil producers. You get premium pricing, being outside of North America. It is a goto name in the International space. They will grow organically.

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