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home / news releases / PARXF - Parex Resources: A Low-Cost Oil Producer In Colombia Trading At 7X Free Cash Flow

PARXF - Parex Resources: A Low-Cost Oil Producer In Colombia Trading At 7X Free Cash Flow

Parex Resources Inc
  • Parex Resources is a Canadian company producing oil in Colombia.
  • The recent unrest (and slightly weaker oil price) has put the share price under pressure.
  • I expect this will result in an accelerated share buyback as Parex is generating a lot of free cash flow.
  • Despite the geopolitical reasons, at $60 Brent, Parex Resources appears to be too cheap.

For further details see:

Parex Resources: A Low-Cost Oil Producer In Colombia Trading At 7X Free Cash Flow
Stock Information
Company Name: Parex Resources Inc
Stock Symbol: PARXF
Market: OTC
Website: parexresources.com
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