Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (51218)	1/9/2019 8:35:05 PM
From: Goose94	Read Replies (1) of 203260

Parex Resources (PXT-T) top pick from Brian Madden on BNN.ca Market Call 2nite Wednesday Jan 9th @ 1800ET Parex is a mid-sized, rapidly growing oil producer operating in Colombia. Parex enjoys some of the highest netbacks (operating profits) of any mid- to large-sized Canadian energy producer. The company has more than tripled production since 2013, and ended 2018 producing over 49,000 barrels of oil per day as they continuing drilling out their land blocks. Crucially (and refreshingly for a resource company), the management team is very focused on profitability, such that commensurate with its prolific growth in production, earnings have more than quintupled and the return on shareholders’ equity in the latest quarter surged to 52 per cent. With a mere $10 million of debt and $360 million in cash on their books, Parex is well positioned to fund their capital program, enabling further production and cash flow growth. They’ll be also able to execute aggressively on their share buyback program, which had been suspended until recently amid an aborted sale process, which churned the shareholder base fairly significantly and created an excellent value-buying opportunity for these shares.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next