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

Parex Resources - Plenty Of Catalysts Coupled With Higher Crude Prices Offer 60%+ More Upside

Canadian domiciled small-cap O&G explorer and producer Parex Resources (PARXF), which operates in predominantly in Colombia continues to perform strongly. When I last wrote on the company is in October 2013, I found it was under-valued, offering investors potential upside of 55%, with a price target of $8.87 per share.

Since then Parex's share price has shot up almost 50%, and is close to hitting the price target set in that article. However, since then a range of catalysts have emerged that will continue to boost Parex's operational performance, indicating there is significantly more upside available to investors. In this article I will highlight why the company offers investors considerable potential upside in excess of the...

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