Added to YB: 2024-07-10
Pitch date: 2024-03-31
PXT.TO [bullish]
Parex Resources Inc.
-2.45%
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 18.46
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
growth
Show full summary:
Ariel Emerging Markets Value Ex-China Portfolio Holding: Parex Resources Inc.
PXT.TO: Oil producer in Colombia. Q production guidance lowered, modest reserve replacement. Low-cost, strong balance sheet, underexplored region. Late successful well not yet assessed. Extensive acreage for exploration. Modern tech implementation potential. Stock declined despite long-term opportunities.
Read full article (1 min)