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Fundamental Research targets Permex Petroleum at Buy ahead of growth plans

Permex Petroleum OIL (CNSX:OIL) CEO Mehran Ehsan tells Proactive Investors the junior oiler has had a 'buy' rating bestowed upon it by Fundamental Research.

Permex’s current portfolio includes eight producing properties, including six in Texas, and two in New Mexico. In the past few months, Permex has made a significant number of acqusitions, Mehran saying, "Fundamental looked this as a strategy for Permex as a junior to not only grow on the current holdings it has but in the shadow of a large cap as well." 

Quick facts: Permex Petroleum Corporation

Price: 0.065 CAD

CSE:OIL
Market: CSE
Market Cap: $2.6 m
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Permex Petroleum announces non-brokered private placement financing to raise...

Permex Petroleaum (CSE:OIL) CEO Mehran Ehsan joined Steve Darling from Proactive Investors Vancouver to discuss Permex's fund raise of 1.5 million in a non-brokered private placement. The capital will be used to start new waterfloods, bringing online shut-in wells, and general working...

on 01/11/2019

2 min read