Parex Resources Inc T.PXT

Nuttal Top Pick

[ROIcrusader]

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)

[BLOODTHIRSTY]

Here's what he said Sept 23/21 (from StockChase)... DON'T BUY Parex Resources Inc.(PXT-T) 23/09/2021 at 05:00pm Get Alerts 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

[Treminv]

That last comment from Nutall is a joke. Parex is buying back the MAXIMUM allowed by the NCIB (10%) and is now even offering a dividend. I feel Nutall dumped Parex just because he feels other companies like Suncor will swing more on the short term.

[shorterm]

I think there is a better opportunities of doubling your money in the market than with PXT. Unfortunately I didn't pull the trigger to sell at $24.00. and i'm on the downhill sleighride. Buying at $16.50 was the right move but I struggle with greed sometimes. Remember not to stay too late at the party, Profit is not a dirty word! 

[ROIcrusader]

I have to apologise, I'm not sure when that video is from either so it skews the post significantly. Thanks for the stockchase info (which I'd say is more accurate), I know he was not a fan of PXT in the past so that makes sense.