Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (104601)	8/11/2021 2:50:52 PM
From: Goose94	Read Replies (2) \| Respond to of 203085

Parex Resources (PXT-T) revisited 3.0 top pick from Brian Madden on BNN.ca Market Call Wednesday Aug 11th @ 1200ET Latest purchase July, 2021 @ $21.87: Parex is a mid-sized company producing approximately 48,000 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 had grown production by 135 per cent since 2014 until curtailing exploration and some production amidst low oil prices early in 2020. 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 grew more than eight-fold between 2014-19 and the return on shareholders’ equity in 2019 topped 27 per cent. With no debt and $370m in cash on their books, Parex is well positioned to continue their pattern of returning of cash to shareholders, something they have done prolifically the last three years, deploying over $550m to retire 20 per cent of their outstanding shares in the process accreting value to remaining shareholders. Moreover, poised to earn record profits this year the company just last month initiated a 12.5 cent/quarter dividend such that the shares now also sport a 2.5 per cent dividend yield.