Parex Resources

Today Parex reported estimated 1st quarter production of 51,200 barrels per day, up from 49,300 in the 4th quarter of last year

This is the company’s 27th quarterly increase in production

Company expects 2nd Quarter production to reach 52,000 barrels per day

Trailing twelve month Return on Equity is over 36%

Many domestic analysts and portfolio  managers have mistakenly ignored investing in the stock as a result of its energy exposure in Columbia

While Columbia is not Canada, the country has been actively pursuing foreign investment and is very much pro business

The shares continue to outperform most Canadian energy stocks

 

 

 

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