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Parex Resources Inc (PXT.TO)

PXT.TO on Toronto Stock Exchange

13.98CAD
23 Oct 2020
Change (% chg)

$-0.58 (-3.98%)
Prev Close
$14.56
Open
$14.60
Day's High
$14.68
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$13.96
Volume
1,017,514
Avg. Vol
521,877
52-wk High
$25.11
52-wk Low
$9.22

Latest Key Developments (Source: Significant Developments)

Parex Plans 10% Share Buy-Back & Executing Exploration Program
Tuesday, 6 Oct 2020 

Oct 5 (Reuters) - Parex Resources Inc ::PAREX PLANS 10% SHARE BUY-BACK & EXECUTING EXPLORATION PROGRAM.PAREX RESOURCES INC - TOTAL FULL-YEAR 2020 CAPITAL IS ESTIMATED AT $130-$145 MILLION.PAREX RESOURCES INC - RE-ACTIVATED ITS DEVELOPMENT AND EXPLORATION PROGRAM.PAREX RESOURCES INC - Q2 2020 PRODUCTION OF 40,858 BOE/D.PAREX RESOURCES INC - ESTIMATES Q3 PRODUCTION OF ABOUT 44,200 BOE/D.PAREX RESOURCES INC - ESTIMATES Q4 PRODUCTION OF ABOUT 44,000-48,000 BOE/D.  Full Article

Parex Resources Sees Q4 Production Range Of 44,000-48,000 Boe/D
Thursday, 6 Aug 2020 

Aug 5 (Reuters) - Parex Resources Inc ::PAREX Q2 2020 RESULTS: INCREASED WORKING CAPITAL TO US$339 MM, DEBT FREE AND REPURCHASED 1.1 MM SHARES.PAREX RESOURCES INC - QUARTERLY AVERAGE PRODUCTION WAS 40,858 BARRELS OF OIL EQUIVALENT PER DAY.PAREX RESOURCES INC - QTRLY BASIC EARNINGS PER SHARE $0.14.PAREX RESOURCES INC SEES Q3 PRODUCTION AVERAGE APPROXIMATELY 42,000-44,000 BOE/D.PAREX RESOURCES INC SEES Q4 PRODUCTION RANGE OF 44,000-48,000 BOE/D.PAREX RESOURCES INC - TOTAL SECOND HALF 2020 CAPITAL EXPENDITURES ARE ESTIMATED AT APPROXIMATELY $65-70 MILLION.  Full Article

Parex Plans To Increase Production And Re-Start Capex Programs
Thursday, 25 Jun 2020 

June 24 (Reuters) - Parex Resources Inc ::PAREX PLANS TO INCREASE PRODUCTION AND RE-START CAPEX PROGRAMS.PAREX RESOURCES INC - Q2 2020 AVERAGE SALES VOLUMES ARE ESTIMATED AT 42,700 BARRELS OF OIL EQUIVALENT PER DAY.PAREX RESOURCES INC - VOLUNTARILY CURTAILED Q2 PRODUCTION VOLUMES.PAREX RESOURCES INC - EXPECT TO GRADUALLY INCREASE PRODUCTION INTO Q4 WITH A TARGETED RANGE OF 44,000-48,000 BOE/D.PAREX RESOURCES INC - PRODUCTION IS CURRENTLY ABOVE 40,000 BOE/D.PAREX RESOURCES INC - ESTIMATES Q3 2020 PRODUCTION TO AVERAGE 42,000-44,000 BOE/D..PAREX RESOURCES INC - WILL BE BUILDING CONTINGENT PLANS TO ADD A DIVERSE EXPLORATION PROGRAM FOR Q4 2020.PAREX RESOURCES INC - COMPANY IS DEBT-FREE.PAREX RESOURCES INC - ESTIMATED POTENTIAL H2 2020 CAPITAL PROGRAM OF $65-$70 MILLION FOR A TOTAL FULL-YEAR 2020 CAPITAL OF $145-$155 MILLION.PAREX RESOURCES INC - AS AT MARCH 31, 2020, COMPANY'S WORKING CAPITAL WAS $330 MILLION.PAREX RESOURCES INC SEES Q2 CAPITAL EXPENDITURES $10-$12 MILLION.  Full Article

Parex Reports Q1 Results
Thursday, 14 May 2020 

May 13 (Reuters) - Parex Resources Inc ::PAREX Q1 2020 RESULTS: US$97MM CASH FLOW, US$397MM CASH BALANCE AND DEBT FREE.PAREX RESOURCES INC - QUARTERLY AVERAGE PRODUCTION WAS 54,295 BARRELS OF OIL EQUIVALENT PER DAY.PAREX RESOURCES INC QTRLY BASIC LOSS PER SHARE $0.03.PAREX RESOURCES INC QTRLY BASIC FFO PER SHARE $0.69.PAREX RESOURCES INC - SEES APRIL 2020 PRODUCTION AVERAGE ABOUT 47,000 BOE/D.PAREX RESOURCES INC - SEES PRODUCTION FOR MAY-JUNE 2020 AVERAGE RANGE OF 30,000-40,000 BOE/D DEPENDING ON REALIZED CRUDE PRICING.PAREX RESOURCES INC - SEES TOTAL Q2 CAPEX ABOUT $8-$10 MILLION.  Full Article

Parex Resources Reports Qtrly Earnings Per Share $0.61
Wednesday, 11 Mar 2020 

March 10 (Reuters) - Parex Resources Inc ::PAREX RESOURCES ANNOUNCES 2019 FULL YEAR RESULTS AND PROVIDES PRICE SENSITIVITY TO 2020 GUIDANCE.QTRLY EARNINGS PER SHARE $0.61.ACHIEVED QUARTERLY OIL AND NATURAL GAS PRODUCTION OF 54,221 BOE/D (98% OIL).FOURTH QUARTER SALES VOLUMES, EXCLUDING PURCHASED OIL, AVERAGED 55,831 BOE/D (98% OIL).QTRLY FUNDS FLOW PROVIDED BY OPERATIONS PER SHARE BASIC $1.PAREX EXPECTS Q1 2020 AVERAGE PRODUCTION TO BE APPROXIMATELY 54,500 BOE/D.COMPANY EXPECTS TO MAINTAIN PRODUCTION AT CURRENT LEVELS.  Full Article

Parex Resources Estimates Q4 Production At About 54,221 Boepd
Friday, 7 Feb 2020 

Feb 6 (Reuters) - Parex Resources Inc ::PAREX RESOURCES ANNOUNCES 13% GROWTH IN PROVED DEVELOPED PRODUCING RESERVES AND 171% 2P RESERVE REPLACEMENT.PAREX RESOURCES - ESTIMATE Q4 2019 PRODUCTION AT ABOUT 54,221 BOE/D, UP ABOUT 2% FROM Q3 2019, CONSISTING OF 53,086 BOPD & 6,810 MCF/D OF NATURAL GAS.  Full Article

Parex Reports Q3 BASIC EARNINGS PER SHARE $0.40
Thursday, 7 Nov 2019 

Nov 6 (Reuters) - Parex Resources Inc ::PAREX Q3 2019 RESULTS: US$143MM CASH FLOW GENERATES US$94MM FREE CASH FLOW.Q3 FFO BASIC EARNINGS PER SHARE C$1.31.QUARTERLY PRODUCTION WAS 53,045 BOE/D, REPRESENTING A PRODUCTION PER SHARE INCREASE OF 5% OVER PREVIOUS QUARTER ENDED JUNE 30.QTRLY BASIC EARNINGS PER SHARE $0.40.QTRLY OIL AND NATURAL GAS REVENUE $275.7 MILLION VERSUS $250.9 MILLION.EXPECT Q4 2019 PRODUCTION AVERAGE TO EXCEED 53,500 BOE/D.SEES 2020 PRODUCTION 54,500 BOE/D TO 56,250 BOE/D.SEES 2020 TOTAL CAPEX $210 MILLION TO $240 MILLION.  Full Article

Parex Resources Says Q3 2019 Average Production Is Estimated At 53,020 BOE/d
Friday, 18 Oct 2019 

Oct 17 (Reuters) - Parex Resources Inc ::PAREX RESOURCES INC - Q3 2019 AVERAGE PRODUCTION IS ESTIMATED AT 53,020 BOE/D.PAREX RESOURCES INC - EXPECT Q4 2019 PRODUCTION AVERAGE TO EXCEED 53,500 BOE/D.PAREX RESOURCES INC - EXPECTS TO RENEW ITS NCIB IN DEC. 2019 WITH INTENT TO REPURCHASE ANOTHER 10% OF PUBLIC FLOAT.PAREX RESOURCES INC - PLANS TO BE AN ACTIVE PARTICIPANT IN ANH PERMANENT PROCESS FOR ASSIGNMENT OF AREAS BID.  Full Article

Parex Reports Q1 FFO Per Share $27.65
Wednesday, 8 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