Parex Resources Stock And Two Oil Producers Worth Watching Above $100 Oil

Energy stocks are back in the spotlight as the US Federal Reserve holds interest rates at 3.5-3.75% while inflation pressures stay stubborn and oil prices move above $100 per barrel on US Iran tensions. That mix of steady rates, higher funding costs and rising input prices can reward some companies and complicate life for others. This article focuses on three large oil and gas producers from our Energy Sector Stocks screener that appear especially exposed to these headlines. You will see how each stock might be affected, and where the current backdrop could present opportunity or call for extra caution.

Parex Resources (TSX:PXT)

Overview: Parex Resources is a Calgary based oil and gas producer focused on finding, developing, and selling crude oil and natural gas in Colombia, with activity spanning several key basins including Llanos, Magdalena, and Putumayo.

Operations: Parex Resources generates all of its approximately $860.8 million in revenue from oil and gas exploration and production in Colombia.

Market Cap: CA$2.3b

Investors looking at Parex Resources today are weighing a Colombia focused producer that is tightly leveraged to higher oil prices, with operations entirely in a single country and concentrated around mature assets. The company has been working to improve efficiency and free funds flow. Q2 2026 production updates and the pending Frontera acquisition highlight how it is leaning into expansion as crude trades above $100. At the same time, heavy use of external borrowing, political risk in Colombia, and the need for ongoing capital spending keep the story from being one sided. The key consideration is how these trade offs compare once you dig into the details investors often overlook.

Parex Resources looks tightly wired to $100 oil, but the real story sits in how its single country focus, funding choices, and expansion plans fit together, so review the 5 key rewards and 1 important warning sign

Genel Energy (LSE:GENL)

Overview: Genel Energy is a London based independent oil and gas company focused on exploration and production, with core assets in the Kurdistan Region of Iraq and appraisal interests in Oman and Somaliland.

Operations: Genel Energy currently generates about $68.7 million in revenue from its Production segment, reported out of the United Kingdom.

Market Cap: £142.7 million

Genel Energy provides direct exposure to Middle Eastern oil at a time when US Iran tensions have pushed crude above $100 per barrel. However, the story is more complex than just rising prices. The Tawke licence remains the engine of the business, with very low operating costs and reserves that have largely kept pace with production. Production has at times faced interruptions from security events, and the Iraq Turkey Pipeline closure keeps export upside on hold. On the other side of the ledger sit net cash well above $100 million, efforts to add new cash generative assets, and growth projects in Oman and Somaliland. The key issue for investors is how these factors might balance out if Tawke exports resume and management identifies suitable new assets.

Genel Energy’s net cash and stalled Iraq Turkey exports could be masking a very different risk reward profile than headlines suggest, so walk through the analysis report for Genel Energy for the twist investors often miss.

Tourmaline Oil (TSX:TOU)

Overview: Tourmaline Oil is a Calgary based producer that acquires, develops, and produces oil and natural gas across the Western Canadian Sedimentary Basin, with key assets in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex.

Operations: Tourmaline Oil generates about CA$4.6b in revenue from petroleum and natural gas properties, all sourced in Canada.

Market Cap: CA$25.3b

Tourmaline Oil operates in the context of rising energy prices, with a large Canadian natural gas and liquids portfolio, LNG export agreements, and production guidance that keeps it closely tied to global supply dynamics. At the same time, the company carries a high P/E multiple, depends heavily on volatile gas pricing, and has sizeable long term spending commitments that could affect cash flows if prices soften. The dividend is not fully covered by earnings or free cash flow, and the company has recently experienced a period of weaker share price performance. As a result, the headline discount to estimated fair value is only one factor investors may wish to consider when assessing the stock.

Tourmaline Oil’s premium P/E, gas heavy portfolio, and long term spending plans could be telling a very different story about future cash flows, so walk through the 2 key rewards and 2 important warning signs (1 is major!)

The three stocks covered here are only a starting point, with the full Energy Sector Stocks (Oil & Gas Producers) screener surfacing 37 more companies that pair oil and gas production with balance sheet strength and distinct investment stories. Use Simply Wall St to identify and analyze the specific catalysts, risk profiles, and revenue drivers that matter most to you, so you can focus on the highest conviction opportunities in this corner of the energy sector.

Take Control of Your Investment Journey

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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