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I suddenly realized it has been almost 18 months since I provided an update on Canada’s Parex Resources (PARXF) which produces oil in Colombia. I was originally attracted to the story because of a combination of two important elements. First of all, Parex had a very low production cost while it is selling the oil based on a Brent-pricing (and the Brent oil price is traditionally higher than the WTI price). There usually is a discount on the Brent price for Colombian oil and this differential has caused Colombian producers quite a