Parex Resources Bets On Growth

The Value Portfolio
Investing Group Leader

Summary

  • Parex Resources has the ability to generate double-digit shareholder returns with its continued cash flow.
  • The company is investing heavily in its future growth but it's betting on $60+/barrel Brent for the year to see that pan out.
  • The company's exploration capital can help it maintain higher long-term production.
  • We would like to see the company continue buying back mid-to-high single digit % worth of shares annually.
  • The company has the ability to continue driving long-term double-digit shareholder returns.
  • I do much more than just articles at The Energy Forum: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Mata Atlantica - Atlantic Forest in Brazil

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Parex Resources (OTCPK:PARXF) is a small-to-mid cap energy company with a $2.1 billion market capitalization. The company is unique for its debt-free financial position, and its massive planned capital spending increase going into 2022. As we'll see

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This article was written by

The Value Portfolio
36.23K Followers

The Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor presentations. He invests real money in the stocks he recommends.

He is the leader of the investing group The Retirement Forum with features including: model portfolios, macro overviews, in-depth company analysis and retirement planning information. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of PARXF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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