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Parex Resources Inc T.PXT

Alternate Symbol(s):  PARXF

Energy Oil & Gas E&P
Parex Resources Inc. is a Canada-based independent oil and gas company in Colombia, focusing on sustainable, conventional production. The company is engaged in the business of the exploration, development, production and marketing of oil and natural gas in Colombia. The Company is focused on development in two main basins: Llanos and Magdalena.


TSX:PXT - Post by User

Parex Resources Inc > Nuttal Top Pick
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Comment by BLOODTHIRSTYon Nov 05, 2021 2:16pm
383 Views
Post# 34093315

RE:Nuttal Top Pick

RE:Nuttal Top Pick
ROIcrusader wrote: Wow, this is a surprise. One of Nuttal's top picks and he's been adding.

"Trading 2.4x CF ... 28% FC yield. Massive amount of cash. 460m in the bank. Given the cash they have, they may be of interest of a highly levered company. 5x CF mulitiple gives him a $36 share price. Been adding."


OMG I'm so torn lol! 

Eric Nuttall's Top Picks - Video - BNN (bnnbloomberg.ca)


Here's what he said Sept 23/21 (from StockChase)...

DON'T BUY

Parex Resources Inc.(PXT-T)

23/09/2021 at 05:00pm
Parex Resources Inc.
Got tired of the chronic underperformance. The past 2 years, the messaging from management has changed consistently. The messaging has confused people what they want to achieve. The stock is cheap. Trading at 2x cashflow. Free cashflow at 38%. Could be a value trap. Need to do a sharebuy back or dividend.
Not sure when your info is from...
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Dealroom for high-potential pre-IPO opportunities