Wayne Foo - Parex Resources President CEO, Director

PXT Stock  CAD 23.61  0.03  0.13%   

CEO

Mr. Wayne Kim Foo is Chairman of the Board of the Company effective., May 11, 2017. He is no longer a Chief Executive Officer, Director of Parex Resources Inc., effective May 11, 2017. Mr. Foo is Chief Executive Officer of Parex since September 29, 2009. President of Parex from September 29, 2009 to November 5, 2015. President and Chief Executive Officer of Dominion Energy Canada Ltd. from 1998 to October 2002, and then Consultant to March 2003. Director of Pengrowth Energy Corporationrationration. since 2017.
Age 62
Tenure 7 years
Address West Tower, Calgary, AB, Canada, T2P 1G1
Phone403-265-4800
Webhttps://www.parexresources.com

Parex Resources Management Efficiency

The company has return on total asset (ROA) of 0.1355 % which means that it generated a profit of $0.1355 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2503 %, meaning that it generated $0.2503 on every $100 dollars invested by stockholders. Parex Resources' management efficiency ratios could be used to measure how well Parex Resources manages its routine affairs as well as how well it operates its assets and liabilities. As of the 20th of April 2024, Return On Tangible Assets is likely to grow to 0.21. Also, Return On Capital Employed is likely to grow to 0.55. At this time, Parex Resources' Return On Assets are very stable compared to the past year.
The company has accumulated 6.08 M in total debt with debt to equity ratio (D/E) of 0.0, which may suggest the company is not taking enough advantage from borrowing. Parex Resources has a current ratio of 1.77, which is within standard range for the sector. Debt can assist Parex Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Parex Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Parex Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Parex to invest in growth at high rates of return. When we think about Parex Resources' use of debt, we should always consider it together with cash and equity.

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CEO Age

Brian PaesBragaNgx Energy International
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Parex Resources Inc. engages in the exploration, development, production of oil and natural gas in Colombia. The company was incorporated in 2009 and is headquartered in Calgary, Canada. PAREX RESOURCES operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 371 people. Parex Resources (PXT) is traded on Toronto Exchange in Canada and employs 449 people. Parex Resources is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Parex Resources Leadership Team

Elected by the shareholders, the Parex Resources' board of directors comprises two types of representatives: Parex Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Parex. The board's role is to monitor Parex Resources' management team and ensure that shareholders' interests are well served. Parex Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Parex Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Bob MacDougall, Director
Ryan Fowler, Senior Vice President - Exploration & Business Development
Glenn McNamara, Independent Director
Carmen Sylvain, Independent Director
G MacDougall, Independent Director
Lisa Colnett, Independent Director
Ronald Miller, Independent Director
Robert Engbloom, Independent Director
Imad Mohsen, CEO President
Steven Eirich, Investor Advisor
Paul Wright, Independent Director
Curtis Bartlett, Independent Director
Jeff Meunier, New VP
Cam Grainger, Controller
Ron Miller, Independent Director
Daniel Ferreiro, President Colombia
William Peneycad, Independent Director
David Taylor, President, Chief Executive Officer, Director
Kenneth Pinsky, Chief Financial Officer, Corporate Secretary
Eric Furlan, Chief Operating Officer
Joshua Share, Senior Services
Norman McIntyre, Independent Chairman of the Board
Wayne Foo, President CEO, Director
Michael Kruchten, Vice President - Corporate Planning and Investor Relations
Sanjay Bishnoi, CFO Secretary
John Bechtold, Independent Director

Parex Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Parex Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Please note, there is a significant difference between Parex Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Parex Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parex Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.