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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (117993)	3/28/2022 2:00:34 PM
From: Goose94	Read Replies (1) of 202988

Parex Resources (PXT-T) revisited 4.0 top pick from Brian Madden on BNN.ca Market Call Monday March 28th @ 1200ET Parex is a mid-sized company producing approximately 53,000 barrels of oil per day in Columbia. Parex enjoys some of the highest netbacks (operating margins) of any mid-to-large sized Canadian energy producer. The company is poised to grow production 12 per cent this year and has grown production at a 9 per cent compound rate over the last 5 years. Crucially (and refreshingly, for a resource company) the management team is very focused on profitability, such that cash flow per share grew 365 per cent over the last five years, and rare among oil producers, it remained profitable during 2020. With no debt and $378M of cash on their books, Parex is well positioned to continue their pattern of returning cash to shareholders, something they have done prolifically the last four years, deploying over $640M to retire 23 per cent of their outstanding shares in the process accreting value to remaining shareholders.

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