Parex Resources, Inc.

Parex Resources, Inc.

Parex Resources, Inc.

Overview
Date Founded

2016

Headquarters

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

Type of Company

Public

Employees (Worldwide)

318

Industries

Oil & Gas

Company Description

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

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer & Corporate Secretary

Chief Operating Officer

Senior Vice President, Capital Markets & Corporate Planning

Senior Vice President-Exploration & Business Development

President & Country Manager Parex Resources Colombia

Vice President, Corporate Services

Professional

Professional

Professional

Board of Directors

Professional at Pengrowth Energy Corp.

Deputy Chair-Canada, Senior Partner at Norton Rose Fulbright

Professional at Parex Resources, Inc.

Professional at Parex Resources, Inc.

President & Chief Executive Officer at Heritage Royalty LP

Partner at Lorem Partners

President & Chief Executive Officer at Parex Resources, Inc.

Managing Director & Partner at Lorem Partners

Professional at Parex Resources, Inc.

Director at Parex Resources, Inc.

Paths to Parex Resources, Inc.
Potential Connections via
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Parex Resources, Inc.
Owners & Shareholders
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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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Grandeur Peak Global Advisors employs a bottom-up investment approach that is based on disciplined global screening, rigorous company due diligence and emphasis on valuation. They are long-term investors, seeking to identify and invest in companies that have the potential for significant growth potential over the next 5 years or more. Grandeur Peak's primary focus is on small- and micro-cap companies ($50 million-$2.5 billion in market-cap), but they may purchase mid-and larger cap companies as well. They prefer to invest in best-in-class growth companies that are relatively undiscovered. Grandeur Peak also looks for \"fallen angels,\" e.g., growth companies that have hit a bump in the road, but which the firm believes can regain their footing and return to growth.

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Ninepoint Partners, dba SPR & Co., employs a variety equity investment strategies, including growth, core, and value, as well as blended portfolios. Most of their funds focus on specific ranges on the capitalization scale, from micro-capitalization, through small-capitalization and large-capitalization. Other funds focus on investment opportunities in more than one capitalization category or across all capitalization levels. In addition, SPR manages funds that are global, multi-national, or which focus on particular geographic regions or specific countries.SPR engages in fixed income strategies which invest in debt securities issued by governments and corporations. The debt securities may have varying maturity terms, credit worthiness, interest coupon, currency denomination, and other attributes which may affect the value of the debt securities.The firm engages in buy and hold investment strategies in which they buy securities and hold them for a relatively longer period of time, regardless of short-term factors such as fluctuations in the market or volatility of the stock price.SPR also engages in fundamental value investment strategies that invests in asset-oriented securities they believe are undervalued by the market.SPR offers global macro investment strategies which attempt to anticipate global macroeconomic events using discretionary selection.The firm employs capital growth investment strategies that seek to securities of companies whose earnings the firm expects to grow at an above-average rate compared to the company's specific industry or the overall market.SPR enters into derivatives transactions: (1) as a form of hedging to offset potential changes in securities which are similar to the underlying interest of the derivative, and (2) for profit. The firm engages in short selling strategies: (1) as a form of hedging to offset potential declines in long positions in similar securities, (2) in order to maintain flexibility, and, (3) for profit.SPR also engages in a long credit strategy for certain clients that primarily invests in senior secured asset-based loans.

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.

Details Hidden

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

Transaction Advisors
Underwriter

Advised onParex Resources, Inc. issued Subscription Receipts

Underwriter

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 Common Stock

Advisors & Consultants
Advisor

Professional at Madalena Energy, Inc.

Key Stats and Financials As of 2018
Market Capitalization
$3.36B
Total Enterprise Value
$1.98B
Earnings Per Share
$3.36
Revenue
$1.08B
Net Profit
$522M
EBITDA
$808M
EBITDAMargin
74.84%
Total Debt
$0
Total Equity
$1.74B
Enterprise Value Sales
1.83x
Enterprise Value EBITDAOperating
2.45x
TEVNet Income
3.79x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
20.47%
Five Year Compounded Annual Growth Rate Of Revenue
13.38%
Suppliers
Estrella International Energy Services Ltda. Oil & Gas | Buenos Aires, BU

Estrella International Energy Services Ltda. is an oil, mining and geothermal industry services company. It is engaged in providing drilling and work over rigs, verticality monitoring, cementing, coiled tubing, tool rentals, engineering consulting and project management services. The company was founded in 2001 and is headquartered in Buenos Aires, Argentina.

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.

Competitors
Compañía Española de Petróleos SA Oil & Gas - Madrid, MA

Compañía Española de Petróleos SA is an oil refining company, which engages in the petroleum and natural gas exploration; and production activities. It operates through the following segments: Exploration and Production; Refining; Marketing; Petrochemicals, and Corporation. The Exploration and Production segment t engages in the exploration and development of oil and gas fields and the production of crude oil and natural gas. The Refining segment distils crude oil and transforms it into refined products for sale to market. The Marketing segment commercializes and offers petroleum products and non-fuel services through network of service stations in Spain, Portugal, Andorra and Gibraltar, and domestic and international network of agents and distributors. The Petrochemicals segment manufactures and markets basic petrochemical products and their derivatives. The company was founded on September 25, 1929 and is headquartered in Madrid, Spain.

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