Latest news with #ParexResources
Globe and Mail
4 days ago
- Business
- Globe and Mail
Parex Resources Announces Appointment to the Board of Directors
CALGARY, Alberta, June 02, 2025 (GLOBE NEWSWIRE) -- Parex Resources Inc. ('Parex' or the 'Company') (TSX: PXT) is pleased to announce the appointment of Alberto Consuegra to the Board of Directors (the 'Board'). Effective June 1, 2025, Alberto Consuegra has been appointed to the Board as an independent director. Alberto has more than 30 years of experience in the energy sector. Most recently, Mr. Consuegra served as the Chief Operating Officer of Ecopetrol, Colombia's national oil company, and for a period of time acted as the Company's interim Chief Executive Officer. He has also served as the President of Cenit Transporte y Logística de Hidrocarburos S.A.S., the Vice President of Supply and Services of Ecopetrol, and held several executive positions at Equion Energia Ltd. and BP Exploration. Mr. Consuegra graduated from Universidad de Cartagena with a civil engineering degree and holds a master's degree in civil engineering from Texas A&M University. 'We are excited to welcome Alberto to our Board of Directors and believe his Colombia-focused energy expertise will contribute to the ongoing success of Parex,' commented Wayne Foo, Chair of Parex's Board of Directors. About Parex Resources Inc. Parex is one of the largest independent oil and gas companies in Colombia, focusing on sustainable conventional production. The Company's corporate headquarters are in Calgary, Canada, with an operating office in Bogotá, Colombia. Parex shares trade on the Toronto Stock Exchange under the symbol PXT. For more information, please contact: Mike Kruchten Senior Vice President, Capital Markets & Corporate Planning Parex Resources Inc. 403-517-1733 Steven Eirich Senior Investor Relations & Communications Advisor Parex Resources Inc. 587-293-3286
Yahoo
12-04-2025
- Business
- Yahoo
Parex Resources price target lowered to C$14 from C$17 at Scotiabank
Scotiabank analyst Kevin Fisk lowered the firm's price target on Parex Resources (PARXF) to C$14 from C$17 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on the Canadian E&P stocks in its coverage, the analyst tells investors. The firm expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on PARXF: Disclaimer & DisclosureReport an Issue Parex's Earnings Call Highlights Strong Performance and Optimism Parex Resources Reports Challenging Year with Strategic Focus Parex Resources price target raised to C$16 from C$15 at RBC Capital Hold Rating for Parex Resources Amidst Operational Challenges and Potential Stability Parex Resources Reports Strong 2024 Results and Strategic Advancements Sign in to access your portfolio
Yahoo
30-01-2025
- Business
- Yahoo
3 Canadian Dividend Stars That Are Still a Good Price
Written by Adam Othman at The Motley Fool Canada Dividend stocks are naturally more appealing when they are heavily discounted, and buying them at the right time can help you lock in a solid yield. For many investors, that time is right before or after the stock starts recovering so they can maximize the return potential by locking in the best yield possible (in that slump cycle) and getting on early in the recovery phase for maximum capital-appreciation potential. However, some dividend stocks are worth considering even if you have missed the window. Parex Resources (TSX:PXT) is currently one of the most heavily discounted energy stocks, trading down almost 41% from its five-year peak. Two reasons for this conflicting performance compared to the rest of the sector are its domain of operations (it operates almost exclusively in Colombia) and the weak production projection it made. While the brutal slump has been devastating from a growth perspective, it has beefed up the yield, currently at 10.6%. The stock isn't merely discounted; it's also undervalued, considering a price-to-earnings ratio of just four. Its dividends are also quite financially sustainable, thanks to a payout ratio of just 44%. The company has also been raising its payouts for the last four years, making it attractive from a dividend-growth perspective. If you buy now and the stock makes a full recovery, you will have locked in a solid yield and enjoyed massive gains. While many real estate investment trusts (REITs) offer impressive yields, Allied Properties REIT (TSX: is in a league of its own with not just a double-digit yield (10.5%) but a stellar dividend history. Even though it has stopped growing its payouts and broke its aristocratic streak, the REIT is still maintaining its payouts, which is impressive considering its real estate focus (office spaces). It has also improved its funds from operations payout ratio in the last few quarters. A heavy slump is the primary catalyst behind this impressive yield. It's trading at a 71% discount from its five-year peak, but things might start to look up for the REIT. It's steadily improving its financials and other metrics. The price estimate for the REIT has also improved, albeit it still remains under $20. Its dividends are reason enough to buy this discounted REIT. Still, if there is even a modest chance of a full-fledged recovery, Allied Properties will become a powerful addition to your portfolio. Telus (TSX:T) is neither the top 5G stock in Canada nor the one offering the most generous yield. Still, it's a promising buy from the telecom sector right now for the combination of dividends and recovery-based growth potential it offers. Like its counterparts, it is aggressively bearish and trading at a 41% discount from its five-year peak. This has pushed its yield up to almost 8%, which is significant for an established aristocrat who has maintained its dividend-growth streak despite the troubles the telecom sector is going through. It also boasts a diversified business model and decent customer growth across multiple business domains. The three heavily discounted dividend stocks are maintaining their payouts despite a range of internal and external factors pushing their market value down. If you buy now, you won't just lock in desirable yields but may also experience decent gains once the bearish catalysts are removed from the equation. The post 3 Canadian Dividend Stars That Are Still a Good Price appeared first on The Motley Fool Canada. Before you buy stock in Allied Properties Real Estate Investment Trust, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Allied Properties Real Estate Investment Trust wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $18,750.10!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 35 percentage points since 2013*. See the Top Stocks * Returns as of 1/22/25 More reading 10 Stocks Every Canadian Should Own in 2024 [PREMIUM PICKS] It's Time to Buy: 1 Canadian Stock That Hasn't Been This Cheap in Years Where to Invest Your $7,000 TFSA Contribution 3 No-Brainer TSX Stocks to Buy With $300 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool recommends Parex Resources and TELUS. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
