The Globe and Mail reports in its Tuesday, June 23, edition that Scotia Capital analyst Kevin Fisk continues to rank Parex Resources "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Fisk advanced his share target by $9 to $29. Analysts on average target the shares at $35.17. Mr. Fisk says in a note: "The acquisition of Frontera Energy's Colombian upstream assets adds meaningful scale, portfolio diversification, upside through EOR/development opportunities, and was executed at a reasonable valuation. Parex will also realize synergies from the acquisition and the added free cash flow from the acquired assets will support annual production growth of 3 to 5 per cent and one to two high-impact exploration wells per year. Also, on June 21, Abelardo De la Espriella won Colombia's Presidential election. Mr. De la Espriella intends to grow Colombia's oil production through accelerating permitting, encouraging exploration, allowing fracking and gradually reducing corporate taxes. This represents a significant reduction in the political and regulatory risk faced by producers. ... We expect a positive share price reaction due to the outcome of the presidential election."