PARXF News and Press, Parex Resources Inc From 01/25/23

Summary Overblown perception of risk leaves Parex heavily undervalued. Best-in-class debt-free intermediate oil producer. Solid portfolio of exploration and development assets. Rising oil price volatility and recent tax reforms in Colombia coupled with the government's pla...

Summary Parex Resources is a Canadian company operating in Colombia. The Colombian government recently turned left. Parex has a lot of cash and no debt. The farming industry (and in particular the material Cocaine industry) has an inherent conflict with the oil and gas industry....

Summary PetroTal has released its 2023 budget and guidance, with expected production of 14.5kboe/day and EBITDA of US$220M. There has been progress on collecting the receivables from Petroperu as payments are being made under an established schedule. Management plans to re...

Parex Resources ( OTCPK:PARXF ) ( TSX: PXT:CA ) is set to effect a normal course issuer bid, commencing Jan. 4, 2023. The Toronto Stock Exchange has approved the commencement of the normal course issuer bid. The oil and gas company will purchase for cancellation up t...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips While oil stocks represented one of the strongest segments of the market earlier this year due to a combustible combination of skyrocketing inflation and Russia’s invasion of Ukraine, the present circumstance presents a ...

Summary Parex Resources still has an exceptionally strong balance sheet, with 20% of the market cap backed by net cash. The production costs remain low, allowing Parex to report outsized cash flows. Parex recently completed a substantial share repurchase program and will undou...

Parex Resources Inc. (PARXF) Q3 2022 Earnings Conference Call November 04, 2022 11:30 AM ET Company Participants Mike Kruchten – Senior Vice President-Capital Markets and Corporate Planning Imad Mohsen – President and Chief Executive Officer Ken Pin...

Parex Resources press release ( OTCPK:PARXF ): Q3 GAAP EPS of $0.59. Revenue of $70.21M (+32.2% Y/Y). For further details see: Parex Resources FFO of $1.85 per share, revenue of $70.21M

Summary Geopolitical risks have risen sharply for Colombia's oil industry. The risks associated with President Petro's plans to end Colombia's oil industry are overblown. Gran Tierra Energy Inc. is heavily undervalued and remains a buy. The international crude oil Br...

Summary Parex is the largest independent oil and gas company in Colombia. The company has a history of shareholder friendly actions, including buying back 32% of shares outstanding in last 5 years. Parex is currently trading at depressed valuations due to Colombian political o...