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Last $3.79 USD
Change Today -0.069 / -1.79%
Volume 131.2K
As of 8:10 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

pacific rubiales energy corp (PEGFF) Snapshot

Open
$3.92
Previous Close
$3.86
Day High
$3.94
Day Low
$3.68
52 Week High
08/29/14 - $21.28
52 Week Low
03/18/15 - $2.00
Market Cap
1.2B
Average Volume 10 Days
95.3K
EPS TTM
--
Shares Outstanding
316.1M
EX-Date
03/16/15
P/E TM
--
Dividend
--
Dividend Yield
13.06%
Current Stock Chart for PACIFIC RUBIALES ENERGY CORP (PEGFF)

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pacific rubiales energy corp (PEGFF) Details

Pacific Rubiales Energy Corp. 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 Petro Rubiales Energy Corp. and changed its name to Pacific Rubiales Energy Corp. in January 2008. Pacific Rubiales Energy Corp. was incorporated in 1985 and is headquartered in Toronto, Canada.

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

pacific rubiales energy corp (PEGFF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$1.4M
President, Director, Member of Reserves Commi...
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 rubiales energy corp (PEGFF) Key Developments

Pacific Rubiales Energy Corp. - Shareholder/Analyst Call

To discuss the Management Information Circular prepared in connection with the special meeting of shareholders

O'hara Considers Multiple Alternatives

O'hara Administration Co., S.A. announced that it and its joint actors are extremely disappointed by the proposed transaction to acquire Pacific Rubiales Energy Corp. (TSX:PRE). O'Hara is considering all other alternatives available to it, including acquiring additional shares and a broader proxy solicitation.

Pacific Rubiales Energy Corp. Reports Consolidated Operating and Earnings Results for the First Quarter Ended March 31, 2015; Provides Exploration Update

Pacific Rubiales Energy Corp. reported consolidated operating and earnings results for the first quarter ended March 31, 2015. For the quarter, revenues were $800 million, a decrease of 19% compared to the fourth quarter of 2014, due to the decline in crude oil market prices. Adjusted EBITDA decreased by 36% to $270 million from $419 million in the fourth quarter of 2014. Cash Flow (Funds Flow from Operations) for the quarter was $157 million. Net loss for the first quarter of 2015 was $722 million, reflecting the significant decline in crude oil price realization as well as a non-cash impairment on assets. Other non-cash items affecting earnings included, unrealized foreign exchange losses, and DD&A. Total capital expenditures decreased to $226 million in the first quarter of 2015, compared with $758 million in the fourth quarter of 2014 and $469 million in the first quarter of 2014. Net production for the quarter was a record 152,650 boe/d, an increase of 4% compared to the fourth quarter of 2014. Increased production was mainly due to higher light and medium oil production, and increases in the Quifa SW Field. Light and medium oil production increased 18% from the first quarter of 2014 and up 8% from the fourth quarter of 2014 to 55,587 bbl/d. Net production at the Quifa SW Field increased to 29,812 bbl/d during the first quarter of 2015, 14% higher than the fourth quarter of 2014 and 34% higher than the same period of 2014. During the first quarter of 2015, the Company drilled or was a partner in eight wells consisting of five exploration wells and three appraisal wells. Of these wells, six found economic hydrocarbons and two wells were abandoned as dry holes, for an overall 75% success rate. Exploration wells in the first quarter of 2015 resulted in a new discovery on the Quifa Block in Colombia, confirmed the Kangaroo discovery on Block S-M-1165 offshore Brazil, while the successful appraisal wells were drilled in the Guatiquía Block, Colombia and in Block 131, Peru. Subsequent to the end of the quarter, a new discovery (Echidna- was made on Block S-M-1102), offshore Brazil. Additional details are available in the Company's first quarter 2015 MD&A.

 

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Industry Analysis

PEGFF

Industry Average

Valuation PEGFF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.7x
Price/Cash Flow 1.3x
TEV/Sales NM Not Meaningful
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