The recent announcement that Colombia's largest independent oil producer Pacific Rubiales (OTCPK:PEGFF) 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...
Only subscribers can access this article, which is part of the PRO research library covering 3,759 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: