Parex Resources - Plenty Of Catalysts Coupled With Higher Crude Prices Offer 60%+ More Upside
- Massive potential production and reserves growth.
- High exploration and development drilling success rate coupled with an established presence in known productive oil basins bodes well for further oil discoveries.
- Brent indexed price creates higher netbacks per barrel (margins) boosting the profitability of oil and liquids production.
- Overblown market perception of country risk in Colombia sees Parex trading at a significant discount to its NAV.