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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (44120)10/26/2018 7:52:14 PM
From: Goose94Read Replies (1) of 203317
 
Parex Resources (PXT-T) top pick from Peter Imhof on BNN.ca Market Call Friday Oct 26th @ 1200ET

Parex is a Colombian oil and gas producer. The company has grown from 5,000 barrels of oil equivalent (BOE) production to 45,000 BOE for the third quarter. Parex initiated a strategic review a few months back and the market reacted negatively to it. They continue to impress on the production side as well as the exploration side. The stock is not reliant on WTI prices and the differentials that Canadian producers have been suffering through. Parex receives Brent pricing and has been the beneficiary of a rising oil price over the past year.
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