The Globe and Mail reports in its Tuesday edition that RBC analyst Greg Pardy is keeping his "sector perform" call for Parex Resources intact. The Globe's David Leeder writes that Mr. Pardy hiked his share target to $20 from $18. Analysts on average target the shares at $18.96. Mr. Pardy believes Parex's focus on enhancing its base operations has strengthened the Colombian producer. He says his recent meetings with Parex executives were "quick and candid." He says Parex has taken steps over the past year to "stabilize/grow its base production and reduce its cost structure." Mr. Pardy says in a note: "Parex's production should climb from 42,542 boe/d (98-per-cent oil) in the second quarter of 2025 into a higher production range in the third (circa 45,000 boe/d) and fourth (circa 47,300 boe/d) quarters. This is consistent with the company's messaging earlier this year that the second-half would see growth supported in part by augmented secondary recovery schemes on select fields, including full-field polymer injection at Cabrestero (100-per-cent wi). Parex intends to replicate this approach at the adjacent block LLA-34 (55-per-cent wi, non-operated) following its success, with initial injection planned for this year."