TSX:PXT - Post Discussion
Post by
retiredcf on May 19, 2021 8:18am
Stifel
In response to the blockages in Colombia, Stifel’s Cody Kwong cut his target for Parex Resources Inc. by $1 to $32, maintaining a “buy” rating. The average is $30.39.
“Last week production averaged 31,000 boe/d but has since quickly recovered to 40,000 boe/d as progress in lifting blockades and restrictions unfolds and capital activities are allowed to proceed,” he said. “The net result of this impact is a 6-per-cent reduction to our 2021 production outlook and an 8-per-cent decrease in AFFO, while we have chosen to keep our 2022 view unchanged for now.”
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