Parex Resources, Inc.

Parex Resources, Inc.

Parex Resources, Inc.

Overview
Date Founded

2009

Headquarters

2700 Eighth Avenue Place,West Tower,585-8 Avenue SW,Calgary, AB T2P 1G1

Type of Company

Public

Employees (Worldwide)

320

Industries

Oil & Gas

Company Description

Parex Resources, Inc. operates as an oil and gas company, which engages in the exploration, development and production of crude oil in Colombia. Its operating reserves include, Llanos, and lower and middle Magdalena. The company was founded on August 17, 2009 and is headquartered in Calgary, Canada.

Executives & Employees

President & Chief Executive Officer

Vice President, Finance & Chief Financial Officer

Chief Operating Officer

Senior Vice President-Exploration & Business Development

Vice President, Capital Markets & Corporate Planning

President & Country Manager Parex Resources Colombia

Vice President, Corporate Services

Board of Directors

Former Chief Executive Officer at Parex Resources, Inc.

Deputy Chair-Canada, Senior Partner at Norton Rose Fulbright

Vice President at MHI Fund Management, Inc.

Former Senior Vice President, Human Resources & Corporate Services at Kinross Gold Corp.

President & Chief Executive Officer at Heritage Royalty LP

Former Chief Financial Officer & Vice President, Finance at Niko Resources Ltd.

President & Chief Executive Officer at Parex Resources, Inc.

Partner at Lorem Partners

Senior Strategic Advisor at Omers Infrastructure Management, Inc.

Director at Parex Resources, Inc.

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Parex Resources, Inc.
Owners & Shareholders
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Montrusco Bolton Investments offers investors a variety of investment strategies in the equity, fixed income, balanced and alternative asset classes. Equity strategies offered include US, Canadian, EAFE and Global equity. Depending on the size of their investment, clients may choose to invest either through a separate account structure or utilize the firm’s commingled funds to achieve their investment objective. Separate accounts are generally invested in one of the specific equity or fixed income strategies Montrusco Bolton offers. Alternatively, the firm can create a portfolio consisting primarily of interests in one or more of the Montrusco Bolton Funds, but may also include: individual equities, ETFs, bonds, and cash or cash equivalents.

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Canoe Financial focuses Canadian investments and offers a variety of mutual funds, closed-end funds and flow-through funds designed for long-term investors. The Canoe Bond Advantage Fund/Class invests in Canadian investment grade fixed-income securities, with a focus on corporate bonds. The Canoe Enhanced Income Fund/Class invests in Canadian fixed-income and equity securities. The Canoe Global Income Fund employs a tactical approach to investing in the global credit markets. The Canoe Strategic High Yield Fund/Class invests in high-yield debt securities. The Canoe Canadian Monthly Income Class invests in a mix of Canadian equity and fixed-income securities, US investment grade, corporate and high-yield fixed income securities, preferred stocks and convertible securities or other non-Canadian securities. The Canoe Canadian Asset Allocation Class seeks to provide long-term growth and capital preservation using a balanced investment approach by investing in a mix of Canadian equity and fixed-income securities, and money market instruments. The fund may also invest in gold, gold certificates, silver certificates and certain gold/silver ETFs. The Canoe North American Monthly Income Class invests in high-yielding equity securities and corporate bonds of North American issuers. The Canoe Equity Income Class focuses on diversified investments in Canadian equity and fixed-income securities. The Canoe Equity Class invests in Canadian equity securities but may also invest in gold, gold certificates, silver certificates and certain gold/silver ETFs. The Canoe US Equity Income Class is an equity income portfolio that invests in securities of US issuers. Canoe EIT Income Fund (formerly EnerVest Diversified Income Trust) (TSX: EIT.UN) seeks to maximize monthly distributions relative to risk and maximize net asset value, while building a diversified portfolio, primarily through acquiring and investing in equity and debt securities of royalty and income trusts, corporations, partnerships, or other issuers.

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Oberweis Asset Management is a bottom-up, active manager that searches for what they believe are superior fundamental, growth, and valuation characteristics in small- and mid-cap equities globally. Oberweis focuses on identifying undervalued companies with earnings power the firm believes is significantly higher than market expectations. Oberweis offers the following growth-oriented investment strategies: Micro-Cap Growth, Small-Cap Opportunities, International Opportunities, Global Small-Cap, and China Opportunities.The Oberweis family of funds is comprised of six funds: Oberweis Micro-Cap Fund, Oberweis Small-Cap Opportunities Fund, Oberweis Emerging Growth Fund, Oberweis China Opportunities Fund, Oberweis International Opportunities Fund, and Oberweis International Opportunities Institutional Fund).

Recent Transactions
Details Hidden

Parex Resources, Inc. issued Common Stock

Details Hidden

Rex International Holding Ltd., West Indian Energy Group Ltd. purchase Parex Resources (Trinidad) Ltd. from Parex Resources, Inc.

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Parex Resources, Inc. raised money in a private placement transaction

Transaction Advisors
Legal Advisor

Advised onParex Resources, Inc. issued Subscription Receipts

Underwriter

Advised onParex Resources, Inc. issued Subscription Receipts

Manager

Advised onParex Resources, Inc. issued Subscription Receipts

Manager

Advised onParex Resources, Inc. issued Subscription Receipts

Manager

Advised onParex Resources, Inc. issued Subscription Receipts

Manager

Advised onParex Resources, Inc. issued Common Stock

Advisors & Consultants
Advisor

Former Chief Executive Officer at Frontera Energy Corp.

Key Stats and Financials As of 2017
Market Capitalization
$3.81B
Total Enterprise Value
$2.56B
Earnings Per Share
$1.31
Revenue
$780M
Net Profit
$201M
EBITDA
$418M
EBITDAMargin
53.62%
Total Debt
$0
Total Equity
$1.11B
Enterprise Value Sales
3.28x
Enterprise Value EBITDAOperating
6.13x
TEVNet Income
12.73x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
2.22%
Five Year Compounded Annual Growth Rate Of Revenue
9.83%
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