Pacific Rubiales, $24.73, symbol PRE on Toronto (Shares outstanding: 298.8 million; Market cap: $6.6 billion; www.pacificrubiales.com), is a Canadian oil and natural-gas producer.
The company owns 100% of Meta Petroleum Corp., a Colombian oil firm that operates the Rubiales and Piriri oil fields in the country’s Llanos Basin. The company operates these fields in association with Ecopetrol S.A., the Colombian national oil firm.
Pacific Rubiales is focused on exploration and development, mainly within Colombia’s eastern Llanos Basin, as well as in other parts of Colombia and northern Peru.
In the three months ended June 30, 2011, the company’s revenue rose 168.3%, to $957.5 million from $356.8 million. Cash flow per share rose 166.1%, to $1.49 from $0.56. Pacific Rubiales’ production rose 59.9%, to 88,092 barrels of oil equivalent per day (including natural gas) from 55,102 barrels.
The stock trades at 4.8 times this year’s forecast cash flow of $5.10 a share. The company’s production should continue to rise steadily, perhaps to…
Privacy Policy and Terms of Use
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What personal information do we collect?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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