EnergyOil & Gas
Permex Petroleum Corporation

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: $0.07

Market: CSE
Market Cap: $2.6 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Permex Petroleum Corporation named herein, including the promotion by the Company of Permex Petroleum Corporation in any Content on the Site,...



Permex Petroleum acquisition increases held-by-production by a third

Permex Petroleum Corporation (CSE:OIL) CEO Mehran Ehsan tells Proactive Investors the junior oil producer is set to expand its presence in the Delaware Basin of New Mexico with a new US$100,000 strategic acquisition. The acquisition represents a 33% held-by-production increase to Permex's...

on 29/6/18

2 min read