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Parex Resources Inc (PXT.TO)

PXT.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Parex Reports Q1 FFO Per Share $27.65
Tuesday, 7 May 2019 

May 7 (Reuters) - Parex Resources Inc ::PAREX Q1 2019 RESULTS: C$119 MILLION RETURNED TO SHAREHOLDERS.Q1 FFO PER SHARE $27.65.EXPECTS TO INVEST APPROXIMATELY $200-230 MILLION IN CAPITAL PROJECTS IN 2019.QUARTERLY PRODUCTION WAS 51,208 BARRELS OF OIL EQUIVALENT PER DAY, AN INCREASE OF 26% OVER PRIOR YEAR COMPARATIVE PERIOD.EXPECT Q2 2019 PRODUCTION TO AVERAGE 52,000 BOE/D..  Full Article

Parex Resources Announces Approval Of Automatic Share Purchase Plan
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Parex Resources Inc ::PAREX RESOURCES ANNOUNCES APPROVAL OF AUTOMATIC SHARE PURCHASE PLAN.PAREX RESOURCES -ENTERED INTO AUTOMATIC SHARE PURCHASE PLAN WITH A BROKER IN ORDER TO FACILITATE REPURCHASES OF UP TO 11,436,964 OF ITS COMMON SHARES.  Full Article

Parex Says Strategic Repositioning Review Process Has Been Terminated
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Parex Resources Inc ::PAREX CONCLUDES STRATEGIC REPOSITIONING PROCESS AND ANNOUNCES OPERATIONAL UPDATE AND GO-FORWARD BUSINESS PLAN.PAREX RESOURCES INC - INTENDS TO IMMEDIATELY IMPLEMENT A NORMAL COURSE ISSUER BID.PAREX RESOURCES INC - EXPECTS Q4 2018 PRODUCTION TO AVERAGE APPROXIMATELY 49,000 BOE/D AND 2018 FULL YEAR PRODUCTION TO AVERAGE 44,250 BOE/D..PAREX RESOURCES INC - STRATEGIC REPOSITIONING REVIEW PROCESS HAS BEEN COMPLETED AND DID NOT RESULT IN AN ACCEPTABLE PROPOSAL.PAREX RESOURCES INC - UPDATED 2018 PRODUCTION FORECAST.PAREX RESOURCES INC - INTENDED NCIB TO ACTIVELY AND AGGRESSIVELY PURCHASE UP TO 10% OF PUBLIC FLOAT OF OUTSTANDING COMMON SHARES FOR CANCELLATION.PAREX RESOURCES INC - SEES 2019 PRODUCTION 52,000-54,000 BOE/D.PAREX RESOURCES INC - DURING 2019, CO ALSO INTENDS TO EVALUATE IMPLEMENTING SUBSTANTIAL ISSUER BID IN 2019.PAREX RESOURCES INC - SEES 2019 MAINTENANCE CAPITAL EXPENDITURES $75 MILLION.PAREX RESOURCES INC - DURING STRATEGIC REPOSITIONING REVIEW PROCESS, CO GOT MULTIPLE PROPOSALS FOR PURCHASE OF SOCA ASSETS.PAREX RESOURCES - STRATEGIC REPOSITIONING REVIEW PROCESS HAS BEEN TERMINATED.PAREX RESOURCES INC - DETERMINED NONE OF PROPOSALS REFLECTED VALUE OF SOCA ASSETS.PAREX RESOURCES INC - BELIEVES THAT "MARKET PRICE OF ITS COMMON SHARES DOES NOT REFLECT THEIR UNDERLYING VALUE".PAREX RESOURCES INC - SEES 2019 FREE CASH FLOW OF $260 MILLION.  Full Article

Parex Q3 Earnings Per Share $0.57
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Parex Resources Inc ::PAREX Q3 2018 RESULTS: 25TH CONSECUTIVE QUARTER OF GROWTH.Q3 EARNINGS PER SHARE $0.57.QTRLY FUNDS FLOW PROVIDED BY OPERATIONS PER SHARE BASIC $0.95.QUARTERLY PRODUCTION WAS 45,020 BARRELS OF OIL EQUIVALENT PER DAY, UP 24 PERCENT.SEES 2019 PRELIM CAPEX GUIDANCE $250-$300 MILLION.SEES PRELIMINARY 2019 PRODUCTION GUIDANCE BETWEEN 51,000-53,000 BOE/D.EXPECTS Q4 2018 PRODUCTION TO AVERAGE ABOVE 48,000 BOE/D.  Full Article

Parex Resources Q4 Earnings Per Share $0.36
Tuesday, 6 Mar 2018 

March 5 (Reuters) - Parex Resources Inc ::PAREX RESOURCES ANNOUNCES 2017 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 EARNINGS PER SHARE $0.36.QUARTERLY OIL AND NATURAL GAS PRODUCTION OF 39,007 BOE/D, AN INCREASE OF 26% OVER Q4 OF 2016​.QTRLY ‍FUNDS FLOW FROM OPERATIONS $0.61 PER SHARE​.  Full Article

Parex Resources - ‍Production For Q4 2017 Averaged 39,007 BOE/D​
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - Parex Resources Inc ::PAREX RESOURCES INC - ‍IN 2017, PRODUCTION PER SHARE ON DEBT ADJUSTED BASIS, GREW 21%, 2P RESERVES PER SHARE GREW 47%​.PAREX RESOURCES INC - 2P RESERVES GREW FROM 112 MILLION BARRELS OF OIL EQUIVALENT AT DEC 31, 2016 TO 162 MMBOE AT DEC 31, 2017​.PAREX RESOURCES INC - ‍PRODUCTION FOR Q4 2017 AVERAGED 39,007 BOE/D COMPARED TO 36,195 BOE/D IN Q3 2017​.PAREX RESOURCES INC - ‍EXPECT Q1 2018 PRODUCTION AVERAGE TO EXCEED 40,000 BOE/D​.PAREX RESOURCES-ENTERED AUTOMATIC SHARE PURCHASE PLAN FOR REPURCHASES OF UP TO 3 MILLION SHARES PURSUANT TO PREVIOUSLY ANNOUNCED NORMAL COURSE ISSUER BID​.PAREX RESOURCES INC - ‍AUTOMATIC SHARE PURCHASE PLAN HAS BEEN APPROVED BY TORONTO STOCK EXCHANGE AND WILL BE IMPLEMENTED EFFECTIVE FEBRUARY 8, 2018​.  Full Article

Parex Delivers 25% Self-Funded Production Growth In 2017
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Parex Resources Inc ::PAREX RESOURCES INC - ESTIMATES THAT Q4 2017 PRODUCTION AVERAGED 39,000 BARRELS OF OIL EQUIVALENT PER DAY.PAREX RESOURCES INC - ‍EXPECT AVERAGE Q1 2018 PRODUCTION TO EXCEED 40,000 BOE/D​.PAREX DELIVERS 25% SELF-FUNDED PRODUCTION GROWTH IN 2017.PAREX RESOURCES - ‍ ESTIMATE CO'S 2017 DEBT ADJUSTED PRODUCTION PER SHARE ANNUAL GROWTH EXCEEDED 25 PERCENT COMPARED TO 2016​.  Full Article

Parex' 2018 guidance cash flow funded growth to 41,000-43,000 BOE/D
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Parex Resources Inc ::Parex' 2018 guidance: cash flow funded growth to 41,000-43,000 BOE/D.Parex Resources Inc - ‍anticipates production growth of 10pct-20pct in 2019​.Parex Resources Inc sees ‍2018 capital expenditures of $260 million -$290 million​.Parex Resources - ‍expect 2018 capital budget will be fully funded from funds flow from operations​.  Full Article

Parex reports Q3 earnings per share $0.36
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Parex Resources Inc ::Parex announces 2017 third quarter results.Q3 earnings per share $0.36.Parex Resources Inc - ‍quarterly production was 36,195 boe/d an increase of 22 percent over prior year comparative period​.Parex Resources Inc - ‍sees 2018 production of 41,000-43,000 boe/d​.Parex Resources Inc sees ‍2018 capital expenditures of $260 million - $290 million​.  Full Article

Parex Resources sees Q1 2018 production to average above 40,000 boe/d​
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Parex Resources Inc :Q4 guidance increase with LLA-34 drilling success.Parex Resources Inc - ‍increasing Q4 2017 guidance to an average rate of 38,500 boe/d​.Parex Resources Inc - ‍estimate working capital as at september 30, 2017 to be approximately $135 million, an increase of $42 million over December 31, 2016​.Parex Resources Inc - ‍Q3 2017 production was approximately 36,150 barrels of oil equivalent per day​.Parex Resources Inc - expect Q1 2018 production to average above 40,000 boe/d​.  Full Article

Colombia grants oil contracts for 10 blocks, one pending

BOGOTA, June 26 Colombia accepted bids from six companies for 10 oil contracts on Wednesday, after just one block received a counter-offer during a bidding process meant to revitalize its long-stagnant oil sector.