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Parex Resources Inc (PXT.TO)

PXT.TO on Toronto Stock Exchange

20.98CAD
20 Apr 2018
Change (% chg)

$0.08 (+0.38%)
Prev Close
$20.90
Open
$20.82
Day's High
$21.16
Day's Low
$20.77
Volume
742,817
Avg. Vol
541,460
52-wk High
$21.16
52-wk Low
$12.19

Latest Key Developments (Source: Significant Developments)

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

UPDATE 1-Colombia postpones Sinu-San Jacinto bidding round until May 3

BOGOTA/HOUSTON, April 5 Colombia's oil regulator said it has postponed the deadline to receive offers for 15 onshore areas at its Sinu-San Jacinto auction until May 3 at the request of the bidding companies.