The Globe and Mail reports in its Tuesday, Sept. 16, edition that BMO Capital Markets analyst Jeremy McCrea has elevated Parex Resources to "outperform" from "market perform" with a $20 share target, rising from $16 and exceeding the $17.96 average on the Street. The Globe's David Leeder writes that Mr. McCrea says in a note: "Colombia hasn't been kind to Canadian-listed E&Ps with regulatory hurdles, exploration challenges, and social unrest leading to caution and discounted valuations. Parex has been no exception, but it appears to be nearing an inflection point. Despite investor hesitance, Parex has revamped its strategy and delivered low-risk operational success in recent quarters. With sentiment improving and catalysts pending, a valuation re-rate looks increasingly likely." The Globe's guest columnist Arjun Deiva recommended buying Parex Resources in the Number Cruncher column on Jan. 29. The shares could then be had for $14.07. The Globe reported on March 7 that RBC analyst Greg Pardy reiterated his "sector perform" call, when the shares could be had for $12.63. The Globe reported on Aug. 1 that Scotia Capital's Kevin Fink had maintained his "sector perform" call for Parex. It was then worth $15.95.