Parex Resources Inc. (PARXF)
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Parex: Getting Paid To Wait - Why Its 8% Yield Is Deeply Mispriced
Parex Resources is a cash-rich Colombian oil producer with an 8% dividend yield, trading at a deep discount due to country risk concerns. PARXF's enhanced oil recovery techniques, like waterflooding and polymer injection, have flattened production declines and unlocked significant free cash flow. Despite market fears, PARXF's operational efficiency and strong cash generation justify a bullish outlook and highlight a mispricing opportunity.
Parex Resources: Recovering From An Unexpected But Normal Challenge
Parex Resources' high-yield dividend and clean balance sheet create a compelling contrarian opportunity after recent production setbacks. With minimal debt and strong cash flow, a rebound is likely and already underway. Institutional selling on disappointment often sets up easier, less-risky gains for patient investors willing to go against the crowd.
Parex Resources, Inc. (PARXF) Q2 2025 Earnings Call Transcript
Parex Resources, Inc. (OTCPK:PARXF) Q2 2025 Earnings Conference Call July 30, 2025 11:30 AM ET Company Participants Cameron Grainger - Chief Financial Officer Eric Furlan - Chief Operating Officer Imad Mohsen - President, CEO & Director Michael Kruchten - Senior Vice President of Capital Markets & Corporate Planning Conference Call Participants Greg M. Pardy - RBC Capital Markets, Research Division Kevin Fisk - Scotiabank Global Banking and Markets, Research Division Operator Good morning, and welcome to the Parex Resources Q2 Operational and Financial Results Conference Call.
Parex Resources: Dividend In High Yield Territory
Parex Resources faced a challenging year which is a typical outcome for upstream companies. The Colombian government is supportive, but not as effective as it could be. Parex remains nearly debt-free, presenting an attractive entry point after a pullback.
Parex Resources: Prudent Guidance, Strong Rerating Potential
Parex Resources faced setbacks due to slower-than-expected volume additions and rapid productivity decline but managed to reduce capex and produce substantial free cash flow. The company shifted focus to lower-risk projects, stabilizing production and maintaining a strong balance sheet with minimal debt and significant cash reserves. Parex offers a generous 11% dividend yield and substantial share buybacks, providing a margin of safety while awaiting production stabilization and oil price recovery.
Parex Resources Inc. (PARXF) Q4 2024 Earnings Conference Call Transcript
Parex Resources Inc. (OTCPK:PARXF) Q4 2024 Earnings Conference Call March 6, 2025 5:00 AM ET Company Participants Mike Kruchten - SVP, Capital Markets and Corporate Planning Imad Mohsen - President and CEO Eric Furlan - COO Cam Grainger - CFO Conference Call Participants Operator Thank you for standing by. My name is Karen, and I will be the conference operator today.
Parex Resources: More Low-Risk Development Opportunities
Parex Resources expanded its joint venture with Ecopetrol. The Arantes exploration well was abandoned due to technical issues. 2025 guidance projects production to average around 45,000 BOED.
Parex: Turning The Situation Around
Parex faced an upstream disappointment. This led to lower capital spending. The company's minimal debt level is a competitive advantage. Management has redirected extra cash from the reduced capital budget towards share repurchases.
Parex Resources Inc. (PARXF) Q3 2024 Earnings Call Transcript
Parex Resources Inc. (OTCPK:PARXF) Q3 2024 Earnings Conference Call November 6, 2024 11:30 AM ET Company Participants Mike Kruchten - Senior Vice President, Capital Markets and Corporate Planning Imad Mohsen - President and CEO Cam Grainger - Intern Chief Financial Officer Eric Furlan - Chief Operating Officer Conference Call Participants Jeremy McCrea - BMO Capital Markets Alejandro Demichelis - Jefferies Chris Jones - Haywood Securities Kevin Fisk - Scotiabank Operator Thank you for standing by. My name is Novi, and I will be your conference operator today.
Parex Resources: A Small-Cap With Strong Cash Flow And Big Potential
Parex Resources, a small cap oil company, has a market cap of $950 million and strong assets, despite a 50% stock decline. The company faces production challenges, particularly with the Arauca field, leading to a 15% cut in production guidance. Parex maintains strong cash flow and financial health, with a focus on shareholder returns through dividends and significant share buybacks.
Parex Resources: Twilight In The LLA-34 Jungle
With an updated 2024 production guidance of 49,000 barrels of oil equivalent per day (boe/d), Parex is Colombia's largest independent oil producer. Under the assumption of $80 Brent prices, it would translate into free cash flows of $175 million, the equivalent of a 20% free cash flow yield. Over the last five years, the company returned almost CAD$1.8 billion to shareholders in the form of share buybacks and dividends.
Parex Resources: Colombia Is The Place To Be
Parex Resources operates in Colombia, a supportive country for the oil and gas industry, despite some government inefficiencies and infrastructure issues. The company has a conservative balance sheet with minimal debt, making it well-positioned in its main business location. Parex Resources maintains a significant working capital surplus, providing a strong financial position to withstand business interruptions in Colombia.
