Last $6.58 USD
Change Today +0.162 / 2.52%
Volume 81.6K
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

pacific rubiales energy corp (PEGFF) Snapshot

Open
$6.48
Previous Close
$6.42
Day High
$6.60
Day Low
$6.48
52 Week High
06/16/14 - $22.00
52 Week Low
12/16/14 - $4.16
Market Cap
2.1B
Average Volume 10 Days
118.4K
EPS TTM
--
Shares Outstanding
316.1M
EX-Date
12/10/14
P/E TM
--
Dividend
$0.66
Dividend Yield
10.03%
Current Stock Chart for PACIFIC RUBIALES ENERGY CORP (PEGFF)

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pacific rubiales energy corp (PEGFF) Details

Pacific Rubiales Energy Corp. explores, develops, and produces oil and natural gas in Colombia, Peru, Guatemala, Brazil, Papua New Guinea, Guyana, and Belize. The company holds interests in the Rubiales, Piriri, and Quifa heavy oil fields in the Llanos Basin, Colombia; and the La Creciente natural gas field in the northwestern area of Colombia. It has an interest in 95 blocks consisting of 74 blocks in Colombia, 9 blocks in Peru, 2 blocks in Guatemala, 8 blocks in Brazil, 1 block in Papua New Guinea, and 1 block in Belize; and operates oil 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.

2,877 Employees
Last Reported Date: 03/13/14
Founded in 1985

pacific rubiales energy corp (PEGFF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$995.1K
President, Director, Member of Reserves Commi...
Total Annual Compensation: C$946.3K
Executive Co-Chairman
Total Annual Compensation: C$995.1K
Executive Co-Chairman
Total Annual Compensation: C$995.1K
Chief Financial Officer
Total Annual Compensation: C$635.2K
Compensation as of Fiscal Year 2013.

pacific rubiales energy corp (PEGFF) Key Developments

Pacific Rubiales Energy Corp. Provides Exploration Update of Kangaroo-2 Appraisal Well, Located in the Shallow Offshore, Santos Basin, Brazil

Pacific Rubiales Energy Corp. provided an exploration update highlighted by initial test results in the Kangaroo-2 appraisal well, located in the shallow offshore, Santos Basin, Brazil. The Kangaroo-2 appraisal well was drilled in Block S-M-1165, approximately 300 meters (943 feet) up-dip from the Kangaroo-1 discovery well, and confirms a 820 foot gross (442 foot net) oil column in Cretaceous and Paleocene aged reservoirs in the structure. The company has a 35% participating interest in the wells and five surrounding blocks. A maximum oil flow rate of 3,360 bbl/d (stabilised rate of 2,300 bbl/d) was achieved through a 44/64" choke with a flowing tubing pressure of 690 psi and a gas-oil-ratio (GOR) of 620 cf/bbl. Following a 57 hour shut-in pressure build-up period, a second test was conducted with an additional 40 metres (131 feet) opened to flow. In this second test, a maximum flow of 3,700 bbl/d (stabilised rate of 3,300 bbl/d) 38° API oil was attained through a 1" choke with a flowing tubing pressure of 430 psi, a GOR of 650 cf/bbl, with no CO2, H2S, sand or water produced, over a 12 hour test period. A third test of intervals higher in the reservoir is expected to commence within the next seven days. A decision on a potential side-track program will be made following the completion of testing in the well bore. Karoon is evaluating commercial options and early production strategies for the Kangaroo structure, as a result of these tests. Following completion of all operations in the Kangaroo-2 well, the rig will move to drill the separate Kangaroo West prospect, located approximately 4.5 kilometres from Kangaroo-2, on the western side of the Kangaroo salt structure.

PRE Mulls To Sell Certain Assets

Pacific Rubiales Energy Corp. (TSX:PRE) is seeking to sell certain non-core exploration and production assets. "We will continue to monetize our midstream assets and plan to sell certain non-core exploration and production assets, the proceeds from which will be used to reduce debt," Ronald Pantin, Chief Executive Officer of Pacific Rubiales, said.

Pacific Rubiales Energy Corp. Provides Earnings and Production Guidance for the Fiscal 2015

Pacific Rubiales Energy Corp. Provided Earnings and Production Guidance for the Fiscal 2015. Full year production for 2015 is expected to be between 155 to 160 Mboe/d, generating EBITDA of approximately $1.9 to $2.1 billion, assuming a WTI oil price average of $70.00/bbl. Funds flow ('cash flow') is expected to be approximately $1.45 to $1.55 billion, sufficient to fully fund planned 2015 capital expenditures program. In an environment of lower oil prices, 2015 capital expenditures program is focused on near-term, high-margin volumes. In 2015, estimated E&D capital expenditures are expected to total $1.5 billion, a significant decrease of 35% over estimated 2014 expenditures, reflecting the current lower oil price environment. This capital expenditures program is expected to be funded by internally generated cash flow.

 

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Industry Analysis

PEGFF

Industry Average

Valuation PEGFF Industry Range
Price/Earnings 4.2x
Price/Sales 0.4x
Price/Book 0.5x
Price/Cash Flow 1.0x
TEV/Sales NM Not Meaningful
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