Added to YB: 2024-09-04
Pitch date: 2024-09-03
PXT.TO [neutral]
Parex Resources Inc.
+57.57%
current return
Author Info
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Company Info
Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colombia.
Market Cap
CAD 781.0M
Pitch Price
CAD 11.43
Price Target
N/A
Dividend
13.58%
EV/EBITDA
1.09
P/E
13.33
EV/Sales
0.69
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Show full summary:
Two dry holes, wasn’t that a punch line from the Golden Girls?: Parex Resources $PXT.TO
PXT.TO (attractive for income investors, but faces heavy competition): Colombian oil & gas E&P. 54k BOE/d, 11% yield, 33% FCF return to shareholders. 2/3 'Big E' explorations ongoing. $600M 2024 FCF est. Arauca setback caused 30% drop, likely overreaction. Risks: Colombian politics, protests. Insider buying.
Read full article (4 min)