TSX:PXTOil and Gas
Are Shares of Parex Resources Attractive After a 59% Climb and Oil Price Surge?
Ever wondered if Parex Resources might just be undervalued right now? Let’s take a closer look at whether this stock could be offering more than meets the eye.
Parex’s share price has been on a tear, climbing nearly 24% year to date and an impressive 59.4% over the past 12 months, though there has been a slight dip of 0.3% in the past week.
Part of this momentum traces back to a recent jump in oil prices, which has lifted many energy stocks. In addition, positive sentiment around the...