Professional
Added to YB: 2024-05-06
Pitch date: 2024-04-27
PXT.TO [bullish]
Parex Resources Inc.
-11.33%
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 20.31
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
value
Show full summary:
ClearBridge Canadian Dividend Plus New Portfolio Holding: Parex Resources Inc.
PXT.TO: Parex Resources, Canadian oil & gas firm in Colombia w/ strong FCF. Instituted dividend & buybacks. Trades at discount to intrinsic value after conservative 3yr plan update pressured shares. Clean balance sheet (net cash) mitigates risk. Increased position on weakness.
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