Streetbeat News

PARXF

Parex Resources Inc

https://parexresources.com

CEO

David Taylor

Industry

Crude Petroleum and Natural Gas Extraction

Open

9.87

Mkt cap

974M

Volume

200

High

9.92

P/E Ratio

3.91

52-wk high

18.15

Low

9.87

Div yield

0.11

52-wk low

8.43

Parex Resources has expanded its joint venture with Ecopetrol, despite abandoning the Arantes exploration well due to technical issues. The company projects its 2025 production to average around 45,000 BOED.

Portfolio Pulse from

February 10, 2025 | 2:00 am

Parex experienced a setback in its upstream operations, resulting in reduced capital spending. However, the company is leveraging its minimal debt advantage by redirecting extra cash towards share repurchases.

Portfolio Pulse from

November 17, 2024 | 1:15 pm

Parex Resources Inc. (OTCPK:PARXF) held its Q3 2024 earnings conference call on November 6, 2024. Key participants included company executives and analysts from BMO Capital Markets, Jefferies, Haywood Securities, and Scotiabank.

Portfolio Pulse from

November 06, 2024 | 8:45 pm

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