Last C$19.07 CAD
Change Today +0.29 / 1.54%
Volume 2.5M
PRE On Other Exchanges
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Exchange
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Mexico
Bogota
As of 4:00 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

pacific rubiales energy corp (PRE) Snapshot

Open
C$18.57
Previous Close
C$18.78
Day High
C$19.12
Day Low
C$18.57
52 Week High
06/16/14 - C$23.86
52 Week Low
03/3/14 - C$14.80
Market Cap
6.0B
Average Volume 10 Days
2.7M
EPS TTM
C$1.89
Shares Outstanding
314.7M
EX-Date
09/17/14
P/E TM
9.0x
Dividend
C$0.65
Dividend Yield
3.77%
Current Stock Chart for PACIFIC RUBIALES ENERGY CORP (PRE)

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pacific rubiales energy corp (PRE) 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 (PRE) 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 (PRE) Key Developments

Pacifi Rubiales Energy Corp. Commences Offer to Exchange its Outstanding 7.25% Senior Notes Due 2021

Pacifi Rubiales Energy Corp. announced that it has commenced an offer to exchange its outstanding 7.25% senior notes due 2021 held by Eligible Holders for newly issued U.S. dollar denominated senior unsecured notes due 2025 (the Exchange Offer) at a coupon rate of 5.625%. The purpose of the Exchange Offer is to improve the maturity profile of the company's existing debt by extending the maturity of a portion of its outstanding debt from 2021, the maturity of the Existing Notes, until 2025, the maturity of the New Notes, while reducing interest expense. Eligible Holders that tender their Existing Notes on or prior to the Early Participation Date will receive, in exchange for each USD 1,000 of principal amount of Existing Notes being exchanged, an aggregate principal amount of New Notes equal to USD 1,131.25, which includes an early participation payment of USD 30.00. Eligible Holders who validly tender their Existing Notes after the Early Participation Date but prior to the Expiration Date will not be eligible to receive the early participation payment, but will be eligible to receive only the 'Exchange Price' of USD 1,101.25 in principal amount of New Notes for each USD 1,000 in principal amount of Existing Notes validly tendered and accepted. Cash in lieu of any fractional portion rounded down of a New Note will be paid on the applicable exchange date based on the Total Exchange Price or the Exchange Price, as the case may be. Notwithstanding any other provision of the Exchange Offer, the Company's obligation to accept for exchange any Existing Notes validly tendered is subject to the satisfaction of certain general conditions described in the Offering Memorandum dated September 19, 2014 relating to the Exchange Offer.

Pacific Rubiales Energy Corp. Announces Pricing of $750 Million 5.625% Senior Unsecured Notes Offering Due 2025

Pacific Rubiales Energy Corp. announced that it has successfully priced an offering of $750 million in senior unsecured notes due 2025 at a coupon rate of 5.625%, with closing expected to occur on September 19, 2014. Substantially all of the net proceeds from the sale of the Notes will be used by the company to pay down short-term debt, including working capital loans and credit facilities. The Notes have been assigned ratings of BB+ by Fitch Ratings and Standard & Poor's Corporation, and Ba2 by Moody's Investors Services. The Notes were placed through Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as Joint Lead Managers and Joint Bookrunners. The Notes were placed with Qualified Institutional Buyers in the United States pursuant to the registration exemptions provided by Rule 144A of the Securities Act of 1933, and on a private placement basis in certain provinces of Canada, as well as internationally as permitted by applicable securities laws in such jurisdictions.

Pacific Rubiales Energy Corp. Announces Third Quarter 2014 Cash Dividend, Payable on September 30, 2014

Pacific Rubiales Energy Corp. announced its third quarter 2014 cash dividend of USD 0.165 per common share payable on September 30, 2014 to shareholders of record as of September 19, 2014 and to holders of Brazilian Depositary Receipts (the BDRs) of record as of September 16, 2014. The ex-dividend date for shareholders trading on the Toronto Stock Exchange and the Bolsa de Valores de Colombia (or the Colombia Stock Exchange) as well as for those trading BDRs on the Bolsa de Valores Mercadorias e Futuros (or the Brazilian Stock Exchange) is September 17, 2014. With respect to the BDRs traded on the Brazilian Stock Exchange, the Depositary Institution in Brazil will execute the exchange agreement as of the date of the payment of the dividend to the holders of BDRs, on or about September 30, 2014, for conversion purposes. Also, the holders of BDRs registered on September 16, 2014 shall be entitled to receive the dividends from the Depositary Institution on or about October 7, 2014.

 

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Valuation PRE Industry Range
Price/Earnings 9.3x
Price/Sales 1.1x
Price/Book 1.2x
Price/Cash Flow 2.6x
TEV/Sales 0.1x
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