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)

279

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.

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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

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Board of Directors

Former Chief Executive Officer at Parex Resources, Inc.

Deputy Chair-Canada, Senior Partner at Norton Rose Fulbright

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

President & Chief Executive Officer at Heritage Royalty LP

Vice President at MHI Fund Management, Inc.

Partner at Lorem Partners

President & Chief Executive Officer at Parex Resources, Inc.

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

Senior Strategic Advisor at Omers Infrastructure Management, Inc.

Former Chief Operating Officer & Executive Vice President at Vermilion Energy, Inc.

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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).

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Recent Transactions
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Parex Resources, Inc. issued Common Stock

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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

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Transaction Advisors
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Advised onParex Resources, Inc. issued Subscription Receipts

Underwriter

Advised onParex Resources, Inc. issued Subscription Receipts

Manager

Advised onParex Resources, Inc. issued Subscription Receipts

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Manager

Advised onParex Resources, Inc. issued Subscription Receipts

Manager

Advised onParex Resources, Inc. issued Subscription Receipts

Manager

Advised onParex Resources, Inc. issued Common Stock

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Advisors & Consultants
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Advisor

Chief Executive Officer at Frontera Energy Corp.

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Key Stats and Financials As of 2016
Market Capitalization
$2.79B
Total Enterprise Value
$2.37B
Earnings Per Share
$-0.41
Revenue
$545M
Net Profit
$-61.5M
EBITDA
$193M
EBITDAMargin
35.34%
Total Debt
$0
Total Equity
$957M
Enterprise Value Sales
4.35x
Enterprise Value EBITDAOperating
12.32x
TEVNet Income
-38.54x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
-1.85%
Five Year Compounded Annual Growth Rate Of Revenue
28.61%
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Suppliers
Estrella International Energy Services Ltda. Oil & Gas | Buenos Aires, BU

Estrella International Energy Services Ltda. engages in the provision of oil and gas services. It offers drilling and work over rigs, verticality monitoring, cementing, coiled tubing, tool rentals, engineering consulting services and project management. The company was founded in 2001 and is headquartered in Buenos Aires, Argentina.

SAExploration Holdings, Inc. Other Business & Consulting Services | Dover, DE

SAExploration Holdings, Inc. is an oilfield services company, which engages in the provision of seismic data acquisition and logistical support services. It provides program design; planning and permitting; camp services and infrastructure; surveying; drilling; environmental assessment; and reclamation and community relations. The company was founded on February 2, 2011 and is headquartered in Houston, TX.

GLJ Petroleum Consultants Ltd. Other Business & Consulting Services | Calgary, AB

GLJ Petroleum Consultants Ltd. provides energy resource consulting services. It offers reserves and resources, asset transactions, scoping analysis, technical studies, risk and sensitivity analysis, expert witness, technical writing, and commodity price forecasts. The company was founded by Vic Kloepfer and Gary Last in 1972 and is headquartered in Calgary, Canada.

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Competitors
Vermilion Energy, Inc. Oil & Gas - Calgary, AB

Vermilion Energy, Inc. is engaged in the business of acquisition, exploration, development and production of oil and natural gas. It has operations in Australia, Canada, France, Ireland, Germany, United States of America and the Netherlands. The company was founded by Lorenzo Donadeo and Claudio A. Ghersinich in January 1994 and is headquartered in Calgary, Canada.

Paramount Resources Ltd. Oil & Gas - Calgary, AB

Paramount Resources Ltd. engages in the exploration, development, production, processing, transportation, and marketing of natural gas, crude oil, and natural gas liquids. It operates through the following business segments: Principal Properties, Strategic Investments, and Corporate. The Principal Properties segment focuses on the development of liquids-rich resource plays targeting the Montney and Duvernay formations in the Alberta Deep Basin. The Strategic Investments segment includes the investments in other entities and investments in exploration and development stage assets. The Corporate segment is comprised of income and expense items, including general and administrative expense, share-based compensation expense and interest expense. The company was founded by Clayton H. Riddell on February 14, 1978 and is headquartered in Calgary, Canada.

Pengrowth Energy Corp. Oil & Gas - Calgary, AB

Pengrowth Energy Corporation is a dividend-paying, intermediate Canadian producer of oil and natural gas, headquartered in Calgary, Alberta. Pengrowth’s assets include Swan Hills light oil, Cardium light oil and the Lindbergh thermal bitumen project. Exciting opportunities are unfolding at Pengrowth with some major operated plays that are driving value creation. Our focus on financial stability, our assets and our people has allowed for substantial progress as we shift from conventional to unconventional assets and build capacity in our organization. Pengrowth has been a dividend paying entity for 25 years and our strategic objective is to develop a portfolio of thermal oil assets whose low declines and long life reserves will continue to support a stable dividend payout