My Top Upstream Oil Stock For 2020

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About: Parex Resources Inc. (PARXF)
by: Inversiones Apartado
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Inversiones Apartado
Long only, Deep Value, value, long-term horizon
Summary

An increasingly optimistic outlook for crude makes now the time to buy energy stocks.

Parex performed strongly during 2019 despite volatile oil prices and will deliver further value in 2020.

Parex is trading at a deep discount to its fair value indicating that now is the time to buy.

Oil has rallied significantly in the wake of OPEC and Russia’s decision to shave a further 500,000 barrels daily off their collective oil output. This now sees Brent trading at around $65 per barrel and