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.

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 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 ...

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 Inc. has stopped oil operations in Capachos, Arauca department, Colombia, due to social protests and threats by armed groups. Parex said it last month “received threats from the ...

BOGOTA, Jan 9 (Reuters) - Colombia has awarded its first-ever license for developing a geothermal energy project to produce electricity to Canada's Parex Resources (PXT.TO), according to a ...