Parex Resources Inc.

PXT-T

Analysis and Opinions about PXT-T

Signal
Opinion
Expert
WEAK BUY
WEAK BUY
February 5, 2018

One of the few stocks that has been going up in the last little while. They don’t have some of the issues that Canadian operators have. She prefers GTE-T.

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One of the few stocks that has been going up in the last little while. They don’t have some of the issues that Canadian operators have. She prefers GTE-T.

PAST TOP PICK
PAST TOP PICK
January 25, 2018

(A Top Pick Jan 24’16, Up 25%) They had the luxury of pricing their product in Brent. It has a big plus for them. They set a new all time high this morning. This is probably the only one in the last many, many months. He still likes it. It is his second biggest holding. A new announcement on Feb 6th. It is matter of how big is the bump going to be.

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(A Top Pick Jan 24’16, Up 25%) They had the luxury of pricing their product in Brent. It has a big plus for them. They set a new all time high this morning. This is probably the only one in the last many, many months. He still likes it. It is his second biggest holding. A new announcement on Feb 6th. It is matter of how big is the bump going to be.

TOP PICK
TOP PICK
January 18, 2018

Columbian producer. It is one of the energy stocks he managed to hold throughout the energy cycle. The valuation is reasonable and they have a big backlog of exploration. Really good net backs and a good quality management team that has really delivered. (Analysts’ target: $23.00).

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Columbian producer. It is one of the energy stocks he managed to hold throughout the energy cycle. The valuation is reasonable and they have a big backlog of exploration. Really good net backs and a good quality management team that has really delivered. (Analysts’ target: $23.00).

HOLD
HOLD
January 5, 2018

This company has the benefit of selling its oil at Brent, which is trading at about a $7 premium to WTI. His hang-up has always been Colombia where there always seems to be ongoing pipeline issues with rebels, etc. Felt the risk/reward was better in North America. However, this was a heck of a performer last year, mainly due to some very strong exploration success. This is now almost caught up to its peer averages. He personally wouldn't own it, but if you have it, let it ride.

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This company has the benefit of selling its oil at Brent, which is trading at about a $7 premium to WTI. His hang-up has always been Colombia where there always seems to be ongoing pipeline issues with rebels, etc. Felt the risk/reward was better in North America. However, this was a heck of a performer last year, mainly due to some very strong exploration success. This is now almost caught up to its peer averages. He personally wouldn't own it, but if you have it, let it ride.

PAST TOP PICK
PAST TOP PICK
November 30, 2017

(A Top Pick Jan 24/17, Up 10%) He bought it because it has a great record of expanding reserves. It was trading at a very cheap multiple. It prices oil in Brent because it is in Columbia.

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(A Top Pick Jan 24/17, Up 10%) He bought it because it has a great record of expanding reserves. It was trading at a very cheap multiple. It prices oil in Brent because it is in Columbia.

TOP PICK
TOP PICK
November 30, 2017

Since he last recommended it, Brent which is what they price their oil in has gone up. They have yet to come up against where the end of their fields is. This company could easily be at 50 or 60k barrels in a year or two. They have a tremendous net backs on their pricing. If they get the production out that they say they will then it is a steal. (Analysts’ target: $23.00).

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Since he last recommended it, Brent which is what they price their oil in has gone up. They have yet to come up against where the end of their fields is. This company could easily be at 50 or 60k barrels in a year or two. They have a tremendous net backs on their pricing. If they get the production out that they say they will then it is a steal. (Analysts’ target: $23.00).

TOP PICK
TOP PICK
November 24, 2017

A Colombia oil play. Generates free cash flow. Has no debt and has cash on the balance sheet. He really likes management and the assets. Expects to see another 20%-25% jump in their reserves. Trading at 5X cash flow. (Analysts’ price target is $22.00.)

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A Colombia oil play. Generates free cash flow. Has no debt and has cash on the balance sheet. He really likes management and the assets. Expects to see another 20%-25% jump in their reserves. Trading at 5X cash flow. (Analysts’ price target is $22.00.)

BUY
BUY
September 28, 2017

It is one of his favourite oil names and is in his top ten. It came off over a 4 week period and has moved up. They want to get to 50k BOE per day over the next 5 years. He can sleep well at night even though it is in Columbia. It is one of the goto names in Columbia from Canada.

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Parex Resources Inc. (PXT-T)
September 28, 2017

It is one of his favourite oil names and is in his top ten. It came off over a 4 week period and has moved up. They want to get to 50k BOE per day over the next 5 years. He can sleep well at night even though it is in Columbia. It is one of the goto names in Columbia from Canada.

COMMENT
COMMENT
September 27, 2017

One of the better oil/gas companies. A solid company. Canadian-based but all their operations are basically in Colombia. Really well run and they’ve been very successful. Thinks the long-term fundamentals are good. If you are going to own an oil and gas company, this is one he would want to own.

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Parex Resources Inc. (PXT-T)
September 27, 2017

One of the better oil/gas companies. A solid company. Canadian-based but all their operations are basically in Colombia. Really well run and they’ve been very successful. Thinks the long-term fundamentals are good. If you are going to own an oil and gas company, this is one he would want to own.

Alex Ruus

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Price
$15.200
Owned
Unknown
COMMENT
COMMENT
September 21, 2017

Chart shows a downward channel from earlier this year. Expects the whole commodity complex, anything to do with commodities, to do quite well. However this one is not showing initial strength like the rest of them. There is a move from the end of August at around $12 to the current price of $14.86. If you can get this at about $15, you might be happy. This has not been good compared to some of the other names.

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Parex Resources Inc. (PXT-T)
September 21, 2017

Chart shows a downward channel from earlier this year. Expects the whole commodity complex, anything to do with commodities, to do quite well. However this one is not showing initial strength like the rest of them. There is a move from the end of August at around $12 to the current price of $14.86. If you can get this at about $15, you might be happy. This has not been good compared to some of the other names.

TOP PICK
TOP PICK
July 6, 2017

To like this, you have to have some confidence that oil prices will not collapse. Even at $40 oil prices, the company will be able to maintain production, maybe not show growth, but keep a good balance sheet. Anything above $40 the company could grow 10% plus year, and be debt free in the next 12-18 months. They have a great track record. Primarily exposed to Colombia light oil. (Analysts’ price target is $22.50.)

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To like this, you have to have some confidence that oil prices will not collapse. Even at $40 oil prices, the company will be able to maintain production, maybe not show growth, but keep a good balance sheet. Anything above $40 the company could grow 10% plus year, and be debt free in the next 12-18 months. They have a great track record. Primarily exposed to Colombia light oil. (Analysts’ price target is $22.50.)

PAST TOP PICK
PAST TOP PICK
May 25, 2017

(A Top Pick May 12/16. Up 22%.) He really likes management. Started out, 5-6 years ago, with 5000 BOE of production. In the recent quarter, they produced 32,500 and their NETBACKS increased quite a bit. There have been 8 consecutive quarters where their transportation costs have gone down. It is one of the only oil/gas companies that has cash on the balance sheet. They increase their production through cash flows, which is a great indication of how they’ve been able to build the NAV. He still likes this.

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(A Top Pick May 12/16. Up 22%.) He really likes management. Started out, 5-6 years ago, with 5000 BOE of production. In the recent quarter, they produced 32,500 and their NETBACKS increased quite a bit. There have been 8 consecutive quarters where their transportation costs have gone down. It is one of the only oil/gas companies that has cash on the balance sheet. They increase their production through cash flows, which is a great indication of how they’ve been able to build the NAV. He still likes this.

PAST TOP PICK
PAST TOP PICK
May 2, 2017

(A Top Pick March 14/17. Up 8%.) He still loves this. It has been great despite the pretty ugly oil market. A Columbian exploration/production company with a fantastic balance sheet and fantastic assets. Best management team of the internationals.

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(A Top Pick March 14/17. Up 8%.) He still loves this. It has been great despite the pretty ugly oil market. A Columbian exploration/production company with a fantastic balance sheet and fantastic assets. Best management team of the internationals.

TOP PICK
TOP PICK
March 20, 2017

An oil company in Colombia. Colombia has been one of the hidden gems in South America. The last couple of Colombian presidents have really brought stability to the country. Very friendly to oil exploration. This company has a great track record with previous companies. Good exploration and growing their reserves and production, and it is cheap. With higher oil prices, this will do very well. (Analysts’ price target is $22.)

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An oil company in Colombia. Colombia has been one of the hidden gems in South America. The last couple of Colombian presidents have really brought stability to the country. Very friendly to oil exploration. This company has a great track record with previous companies. Good exploration and growing their reserves and production, and it is cheap. With higher oil prices, this will do very well. (Analysts’ price target is $22.)

TOP PICK
TOP PICK
March 14, 2017

This is probably his favourite oil company at the moment. It is a mid-cap, Colombian focused producer, and should average 34,000-35,000 barrels a day this year. There is net cash on the balance sheet and no debt. They generate free cash flow at these oil prices. Great management and great assets. This would be a forever hold, or wait for a takeover hold. (Analysts’ price target is $23.)

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This is probably his favourite oil company at the moment. It is a mid-cap, Colombian focused producer, and should average 34,000-35,000 barrels a day this year. There is net cash on the balance sheet and no debt. They generate free cash flow at these oil prices. Great management and great assets. This would be a forever hold, or wait for a takeover hold. (Analysts’ price target is $23.)

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