Parex Resources (TSX: PXT) Could Hit $15 Per Share

Canadian domiciled and listed Parex Resources (TSX: PXT), a junior oil producer operating in Colombia, is fast shaping up as one of the most exciting plays for investors seeking high growth emerging markets opportunities. Already the company’s share price has shot up a staggering 114% over the last year and there are a number of catalysts indicating it is still undervalued and will continue to climb in value.

Management has also indicated they believe the market is failing to recognize Parex’s true value. Accordingly, a share buyback was initiated in March 2014, which is scheduled to end either in March 2015 or when just over 10 million common shares have been acquired, representing around 10% of the total float. This will certainly act in concert with the catalysts below to drive Parex’s share price higher. (more)

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