Parex Resources Enters into a Definitive Agreement to Acquire Frontera Energy's Colombian E&P Assets

Impact · against what's priced in

Parex Resources (PXT) is poised for a significant scale increase by doubling its production through the acquisition of Frontera Energy's (FEC) Colombian assets without shareholder dilution. While positive for both, the news is a setback for GeoPark (GPRK) as its previous arrangement with Frontera is terminated.

PXT+0.70

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