Bull Runπ
@Goldhedge79
>> Dirt cheap oil producer trading on the Canadian Toronto Stock Exchange π’<<
$PXT.TO
$PXT
Parex Resources is now Colombiaβs largest independent producer after the Frontera close, with July production near 83,500 boe/d and H2 2026 guidance of 82,000β91,000 boe/d.
β’ It is unhedged on oil, holds $163 million cash plus about 6 million GeoPark (
$GPRK
$11 per shares), and trades at a trailing P/E of roughly 3.5 with a solid dividend.
β’ President Abelardo De La Espriella, sworn in August 2026, is rolling back restrictions and pushing faster permitting for hydrocarbons, improving the investment backdrop.ββββββββββββββββββββββββββββββββββββββββββββββββββ
C$30 is the multiyear resistance it's attempting to breakout. Price target C$60 with current production.π
https://x.com/Goldhedge79/status/2100603399297187957
This sounds interesting, as long as the gov stays out of their hair. Over 5% dividend.
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