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Parex Resources Inc (PXT.TO)

PXT.TO on Toronto Stock Exchange

16.87CAD
17 Nov 2017
Change (% chg)

$0.12 (+0.72%)
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$16.75
Open
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Volume
166,800
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443,680
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$18.45
52-wk Low
$12.19

Latest Key Developments (Source: Significant Developments)

Parex' 2018 guidance cash flow funded growth to 41,000-43,000 BOE/D
Tuesday, 7 Nov 2017 05:50pm EST 

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 05:37pm EST 

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 04:58pm EDT 

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

Parex Resources announces approval of normal course issuer bid
Monday, 11 Sep 2017 07:00am EDT 

Sept 11 (Reuters) - Parex Resources Inc ::Parex Resources announces approval of normal course issuer bid.Parex Resources Inc - pursuant to bid parex will purchase for cancellation, as it considers advisable, up to maximum of 7.7 million common shares of Co.Parex Resources Inc - bid will commence on September 13, 2017 and will terminate on September 12, 2018.  Full Article

Parex Q2 earnings per share $0.02
Wednesday, 9 Aug 2017 05:18pm EDT 

Aug 9 (Reuters) - Parex Resources Inc :Parex announces 2017 second quarter results.Q2 earnings per share $0.02.Parex Resources Inc - ‍quarterly production was 34,291 barrels of oil equivalent per day representing an increase of 5 percent over previous quarter​.Parex Resources Inc - ‍Parex expects to invest approximately $225 million in capital projects in 2017​.Parex Resources Inc qtrly ‍adjusted funds flow from operations $0.43 per share basic​.Parex Resources Inc - Q3 2017 production is expected to average above 36,000 Boe/d, q4 2017 production is expected to average above 38,000 Boe/d.Says full year 2017 average production is anticipated to exceed 35,000 Boe/d.Parex resources- FY 2017 capital expenditures forecast is approximately $225 million, which is high end of previous guidance range of $200-$225 million.  Full Article

Parex Resources Q1 earnings per share $0.26
Wednesday, 10 May 2017 05:35pm EDT 

May 10 (Reuters) - Parex Resources Inc ::Parex Resources announces 2017 first quarter results.Q1 earnings per share $0.26.Q1 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.Says quarterly production was 32,591 boe/d (99% crude oil), representing an increase of 5 percent over previous quarter.Says Parex still expects to invest $200 - $225 million in capital projects in 2017.Says it is expected that activity levels will increase significantly in second half of 2017.Parex Resources - expect 2017 capital expenditures budget, funds flow from operations to be about $200-$225 million and production of 34,000-36,000 boe/d.Parex Resources Inc says expect q2 2017 production to average 34,000 boe/d for an overall increase of approximately 10% for first half of year.Qtrly funds flow from operations of $0.44 (or c$0.58) per basic share.  Full Article

Parex Resources announces 2016 Q4, full year results
Tuesday, 7 Mar 2017 05:58pm EST 

Parex Resources Inc : Parex Resources announces 2016 fourth quarter and full year results . Parex Resources Inc - funds flow from operations in q4 of 2016 was $51.8 million or $0.33 per share . Parex Resources Inc - expect q1 2017 production to average 32,000 boe/d compared to 31,049 boe/d in q4 2016 . Parex Resources Inc - at current oil prices, expect 2017 planned capital expenditures to be fully funded by funds flow from operations . Parex Resources Inc - sees fy total capital expenditures $200-$225 million . Parex Resources -qtrly average quarterly oil and natural gas production of 31,049 boe per day, an increase of 8.6% over prior year comparative period . Parex Resources Inc - sees fy average annual production 34,000-36,000 boe/d .Parex Resources Inc - developed a plan to drill 9 to 14 additional wells in 2017.  Full Article

Parex Resources Inc says Wayne Foo to retire as CEO
Monday, 6 Feb 2017 05:05pm EST 

Parex Resources Inc : Parex announces executive and board of directors appointments . Parex Resources Inc- Wayne Foo is to retire as chief executive officer of Parex .Parex Resources Inc - Dave Taylor, Parex' current president, will assume role of president and chief executive officer.  Full Article

Parex Resources sees FY production of 34,000-36,000 boe/d
Monday, 9 Jan 2017 05:04pm EST 

Parex Resources Inc - : For Q1 2017, we expect production to average 32,000 boe/d . Parex Resources Inc sees 2017 capital expenditures to be in the range of $200-$225 million fully funded from cash flow, including drilling 39-44 wells . Q4 2016 production was approximately 31,000 boe/d (99% crude oil) compared to 29,754 boed/d in prior quarter .Parex Resources Inc sees FY production of 34,000-36,000 boe/d.  Full Article

Parex reports qtrly FFO $0.30
Thursday, 10 Nov 2016 06:03pm EST 

Parex Resources Inc : Quarterly oil and natural gas production was 29,754 barrels of oil equivalent per day (BOE/D), up nine percent . Parex Resources Inc- qtrly FFO $0.30 .Parex announces 2016 third quarter results highlighted by the Jacana field continued development.  Full Article