Investor Presentaiton
2022 Corporate Guidance
2020A
2021A
2022F(1)
Brent (US$/bbl)
Production (boe/d)
$43
$71
$100
46,518
46,998
55,000
Production Growth
-12%
1%
17%
Production Growth (per share) (2)
-7%
12%
29%
Shares Repurchased (MM)
14
13
12
Year-End Shares Outstanding (fully diluted; MM)
134
122
110
US$
Funds Flow Provided by Operations (FFO) (MM)(3)
$297
$578
$903
FFO (per share basic) (4)
$2.15
$4.61
$7.91
Capital Expenditures (MM) (5)
$141
$277
$550
Free Funds Flow (MM) (5)
$156
$301
$353
C$
FFO (per share basic)(4)
Quarterly Dividend (per share) (6)
$2.88
$5.76
$9.88
$0.00
$0.125
$0.25(7)
Combination of profitable production growth and return of capital measures
PAREX RESOURCES INC.
(1) US$100/bbl Brent case based on netback sensitivity estimate from most recent guidance (see May 11, 2022 news release); mid-point of guidance; USD/CAD assumption: 0.80. (2) Weighted-average basic shares outstanding used. (3) Capital management measure; see advisory.
(4) Non-GAAP ratio; see advisory. (5) Non-GAAP financial measure; see advisory. (6) Supplementary financial measure; see advisory. (7) Based on C$0.25 per share quarterly dividend as approved on May 11, 2022.
10View entire presentation