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Parex Resources Inc. (PXT)
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Q: Thoughts on quarter and market reaction
Cheers, Chris

Asked by Christopher on May 12, 2023

5i Research Answer:

We have comments posted on PXT. We feel that the market reaction is largely due to the downgraded rating by RBC. The analyst at RBC feels that a lot of its positive developments have been already priced in by investors and that its valuation discount relative to peers has narrowed significantly.

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