PARXF - Parex Resources Bets On Growth

• Parex Resources has the ability to generate double-digit shareholder returns with its continued cash flow.
• The company is investing heavily in its future growth but it's betting on $60+/barrel Brent for the year to see that pan out.
• The company's exploration capital can help it maintain higher long-term production.
• We would like to see the company continue buying back mid-to-high single digit % worth of shares annually.
• The company has the ability to continue driving long-term double-digit shareholder returns.

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