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Parex Resources (PARXF) has been one of my favorite oil producers in the past few years as the company combined a cash-rich balance sheet with low-cost oil production in Colombia. Parex continued to boost its production in the past few years by using its incoming operating cash flow so its production increase was steady and quite consistent. The strong balance sheet and low production cost made it my favorite investment to ride out the oil price crash.
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Parex has its main listing on the Toronto Stock Exchange where it’s