This morning, one of the most undervalued Colombian light oil producers, Petroamerica Oil (PTA:TSXV), provided the market with an update on their recently acquired Putumayo Basin assets. Community issues in the region have impacted timelines for companies operating in this area, including Petroamerica and Gran Tierra Energy. This has forced Petroamerica to slightly revise 2014… Continue Reading
(Shares of Parex are up nearly 110% in the past 6 months amid continued successful production growth) Parex Resources (PXT:TSX) has agreed to purchase privately held Colombian light oil producer, Verano Energy Limited, in a cash and stock deal valuing Verano at $198 million or $1.25 per share (net). This deal appears to be beneficial for both companies as… Continue Reading
PXT data by YCharts According to a Bloomberg article today, Parex Resources (PXT:TSX) is planning on doubling its current production of 17,500bopd. The company, led by CEO Wayne Foo, has aspirations of growing to 50,000bopd, according to the article. “To be relevant in the market, you really have to be in the range of 25,000… Continue Reading
