Debt-free Parex Resources recently announced a 50% increase to its quarterly base dividend. Read more to see why PARXF stock is rated a Buy despite the risks.

Parex's financial management has led to a debt-free status, enabling them to accumulate a substantial cash position of $372.4 million, which is spread across Canada, Switzerland, and the USA.

In its latest earnings report for the nine months ended September 30, 2024, Parex reported a net income of $129.7 million, a significant decline from the $325.5 million recorded in the same period ...

Parex Resources (TSE:PXT) has released an update.Parex Resources reported its third-quarter financial results, highlighting a funds flow of $152 million and an increase in its production guidance ...

Parex expects production to average 57,000 boe/d in 2024, a 5% increase compared with 2023. In fourth-quarter 2023, the company produced 57,329 boe/d, 6% increase compared with the same quarter in ...