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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 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

Parex Says Strategic Repositioning Review Process Has Been Terminated
Wednesday, 19 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
Wednesday, 7 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