Caiman Valores
Contrarian, long-term horizon, research analyst, value

Parex: This Colombian Small-Cap Oil Explorer And Producer Is Set To Double In Value

The recent announcement that Colombia's largest independent oil producer Pacific Rubiales (PEGFF.PK) has agreed to buy small-cap Petrominerales (OTCPK:PMGLF) for $909 million, is seeing renewed investor interest in the Colombian oil patch. It is clear that there are a number of deep-value investment opportunities among the companies focused on operating in Colombia. One company that particularly stands out is Canadian domiciled small-cap Parex Resources (OTC:PARXF), which only commenced operations 2009.

Since then the company has grown rapidly to become the sixth largest operator in Colombia by way of proven and probable reserves. It has developed a strong asset base and continues to grow production. Along with a range of emerging positive catalysts including the recent...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details