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Last $3.32 USD
Change Today +0.32 / 10.67%
Volume 138.4K
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

pacific exploration and prod (PEGFF) Snapshot

Open
$3.02
Previous Close
$3.00
Day High
$3.41
Day Low
$3.02
52 Week High
08/29/14 - $21.28
52 Week Low
08/24/15 - $1.95
Market Cap
1.0B
Average Volume 10 Days
75.5K
EPS TTM
--
Shares Outstanding
316.1M
EX-Date
03/16/15
P/E TM
--
Dividend
--
Dividend Yield
9.94%
Current Stock Chart for PACIFIC EXPLORATION AND PROD (PEGFF)

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pacific exploration and prod (PEGFF) Details

Pacific Exploration & Production Corporation engages in the exploration, development, and production of natural gas and crude oil in Colombia, Peru, Guatemala, Brazil, Guyana, Belize, and Papua New Guinea. It owns a 100% interest in the Rubiales, Piriri, and Quifa heavy oil fields in the Llanos Basin; and the La Creciente natural gas field in the northwestern area of Colombia. The company also holds a 50% interest in the CPE-6 block, which is part of the same heavy oil belt that includes the Rubiales and Quifa fields. It has interest in 88 blocks comprising 63 blocks in Colombia, 9 blocks in Peru, 2 blocks in Guatemala, 8 blocks in Brazil, 2 blocks in Papua New Guinea, 3 blocks in Guyana, and 1 block in Belize; and operates pipelines in Colombia. The company was formerly known as Pacific Rubiales Energy Corp. and changed its name to Pacific Exploration & Production Corporation in August 2015. Pacific Exploration & Production Corporation was incorporated in 1985 and is headquartered in Toronto, Canada.

2,975 Employees
Last Reported Date: 03/18/15
Founded in 1985

pacific exploration and prod (PEGFF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$1.4M
Executive Co-Chairman
Total Annual Compensation: C$1.4M
Executive Co-Chairman
Total Annual Compensation: C$1.4M
Chief Financial Officer
Total Annual Compensation: C$887.7K
Compensation as of Fiscal Year 2014.

pacific exploration and prod (PEGFF) Key Developments

Pacific Exploration & Production Corp. Announces Executive Changes

Pacific Exploration & Production Corp. announced the retirement of Mr. José Francisco Arata as President and director of the company effective immediately. Mr. Ronald Pantin will be taking over the responsibilities of President in addition to his present responsibilities as Chief Executive Officer. The company announced the appointment of Ms. Mónica De Greiff as an independent director to the Board of Directors effective immediately and subject to applicable regulatory approvals. Ms. De Greiff is an attorney specializing in administrative law and has more than twenty years of experience. She is currently the president of the Bogotá Chamber of Commerce and her past experience includes being President of Grupo Energía de Bogotá (Energy Group of Bogota) and Vice-President, Legal and Public Affairs of Shell Colombia. Ms. De Greiff has also had a distinguished political career in Colombia, having served as Minister of Mines and Energy and later serving as Minister of Justice.

Pacific Rubiales Energy Corp. has Changed its Name to Pacific Exploration and Production Corporation

On August 14, 2015, Pacific Rubiales Energy Corp. changed its name to Pacific Exploration and Production Corporation.

Pacific Rubiales Energy Corp. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter Ended June 30, 2015; Provides Production and Cash Flow Guidance for the Year 2015

Pacific Rubiales Energy Corp. announced unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported oil & gas sales revenues of $702.7 million against $1,344.7 million a year ago. The decrease from the first quarter of 2015 was the result of lower volumes sold, offset by an increase in the average combined sales price. Adjusted EBITDA was $307.3 million against $721.6 million a year ago. Adjusted EBITDA per share was $0.98 against $2.30 a year ago. Cash flow (funds flow from operations) was $168.5 million against $531.7 million a year ago. Cash flow (funds flow from operations) per share was $0.54 against $1.70 a year ago. Net loss from operations before impairment was $101.9 million against net earnings from operations before impairment of $337.5 million a year ago. Net loss was $226.4 million against net income of $228.5 million a year ago. Net loss per share was $0.72 against net earnings per share of $0.73 a year ago. Total capital expenditures decreased to $185.0 million compared with $510.2 million in the second quarter of 2014. For the quarter, the company reported net production of 152,428 boe/d against 149,118 boe/d a year ago. Total oil and liquids production was 144,455 bbl/d against 138,756 bbl/d a year ago. The company announced that it shall focus on updating 2015 operational outlook: the company expects average production for the year of 150 to 156 Mboe/d, representing 1% to 5% growth over 2014 production levels; realized prices to be approximately equal to the WTI benchmark price; expected operating costs will continue to reflect the reductions made by the company and averaging $24 to $26/boe, with G&A costs of $200 million, financing costs of $270 million and cash taxes of $100 million. Consistent with its objectives, capital expenditures and cash flow are expected to be balanced for the year as it preserve cash on balance sheet.

 

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PEGFF Competitors

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Industry Analysis

PEGFF

Industry Average

Valuation PEGFF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.7x
Price/Cash Flow 1.8x
TEV/Sales NM Not Meaningful
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