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Parex Resources Inc.
PARXFEnergyOTCCA
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Parex Resources is on the verge of a significant production increase, yet market interest remains muted. Historically, major upside in stocks like PARXF attracts attention only after substantial gains have already occurred. PARXF's current lack of market enthusiasm may present a contrarian opportunity ahead of its anticipated production jump.
Parex Resources is rated a strong buy, driven by transformative acquisitions and a robust production growth outlook. Recent deals—Frontera-Colombia acquisition and Magdalena farm-in—are set to nearly double production by 2H2026, with significant reserve and cost synergy upside. Pro forma valuation suggests a 62–106% share price upside, supported by disciplined capital allocation, strong FCF, and a 5.7% dividend yield.
Parex Resources TSE: PXT said it is moving through a major expansion in Colombia, with management outlining a series of acquisitions, partnerships and drilling programs that it expects will nearly double the company's production base and make it the country's largest independent exploration and production company.
Parex Resources Inc. (PXT:CA) Shareholder/Analyst Call Prepared Remarks Transcript
Parex Resources Inc. (PXT:CA) Q1 2026 Earnings Call Transcript
CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that the Company is poised to become Colombia's largest independent oil and gas producer and to provide new corporate guidance. Additionally, the Company reports its financial and operating results for the three-month period ended March 31, 2026, and the declaration of its Q2 2026 regular dividend of C$0.385 per share.
CALGARY, Alberta, May 07, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that it has agreed to issue US$500 million aggregate principal amount of senior unsecured notes due 2031 (the “Notes”) in a private placement offering (the “Offering”). The Notes were priced at par and will bear interest at a rate of 8.50% per annum and mature on May 11, 2031.
CALGARY, Alberta, May 04, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) and its strategic partner Ecopetrol S.A. (“Ecopetrol”), are pleased to announce that they have executed an agreement whereby Parex expects to earn a 50% participating share in the Casabe and Llanito blocks in the Magdalena Basin of Colombia, in exchange for a commitment to invest a gross capital program of $250 million ($125 million carry capital) over five years. All amounts herein are in United States Dollars (“USD”) unless otherwise stated.
CALGARY, Alberta, May 04, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to provide an update on the previously announced Frontera acquisition, pursuant to which Parex would acquire 100% of Frontera Petroleum International Holdings B.V. (“Frontera E&P”), for upfront cash consideration of US$500 million, the assumption of US$225 million of net debt, and a contingent payment of US$25 million (the “Transaction”).
Parex Resources is acquiring Frontera's upstream assets for ~$750 million. Higher commodity prices and strong cash flow should keep leverage well within acceptable limits. Management's track record and timing—buying as commodity prices rise—suggest the acquisition will be much more value-accretive and risk is reduced.
CALGARY, Alberta, April 30, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce select, preliminary results for the three-month period ended March 31, 2026, based on information currently available to Management. The Company is providing this information to ensure fair and transparent disclosure to all parties ahead of a proposed debt financing in connection with its acquisition of Frontera Energy's Colombian E&P assets (the “Frontera Transaction”), as previously announced on March 10, 2026.
