How old is Petey and where did he come from? Did he come from a place with many other cats and not the best hygiene?
Soft, smelly poop is not normal and you have to get to the bottom of it. As mentioned there could be a lot of causes from chronic illness to food issues. What does he eat? A fecal is a good test to catch some things but it doesn't catch everything. When they do a fecal they only test a small sample and your cat can have all sorts of stuff that just isn't present in that one little sample. I would recommend repeating the test. There are also two types of fecal tests, a floatation and another that I can't think of the name of but it's more in depth and can catch things a floatation can't. You may want to find out what test your vet did. The floatation test is the most common. I'd ask to have the other one done if it hasn't been done already.
It's odd that your vet requires another exam in order to do another fecal. Usually it's okay to just bring in a stool sample and have them run it. Maybe you could contact another vet to see if they are willing to do that without actually seeing the cat. That would save you some money.
As mentioned giardia is hard to see on a fecal test so that could be it. Mushy, smelly stool is a common symptom of giardia. Giardia is spread by drinking stale water. It can be tricky to treat but it is treatable even though it may take a while. There are special tests for giardia but I don't know how good they are.
Another strong possibility is diet. Some cats just have sensitive stomachs or has allergies. If nothing can be found wrong with Petey that is a strong possibility. Of course it doesn't cost you any extra to check and see if another diet would help. Natural Balance has a limited ingredient diet that can be good for cats with allergies or intolerance to some foods. Since it only has a few ingredients it's easier to pinpoint what is actually causing the problem. It's not the tasiest food so you may want to start with getting a small bag in case Petey refuses to eat it. There are many other foods you can try. I would also mix in some probiotics in his food. 8 days may not be enough to see results, especially if he doesn't tolerate his food so just because it didn't help before doesn't mean that it won't help now. If Petey is put on medication for his problem it's very important to use probiatics during the treatment, especially if he's getting an antibiotic like metronidazole which is a common treatment for diarrhea.
I'm a bit surprised that your vet didn't suggest any kind of treatment. It certainly wouldn't hurt to put him on 10 days of metronidazole to see if it works.
Anyway, to make a long story short

, I would change his diet and put him back on probiotics (you can buy Fortiflora and other probiotics online) and if you see no changes after a couple of weeks or so take him back to the vet. It may also be a good idea to deworm him (with pyrantel pamoate) to be on the safe side. It doesn't hurt.
Good luck!