The Globe and Mail reports in its Friday edition that shares of Parex Resources took a big hit Thursday after the company cut its production guidance for the year and said its chief financial officer was leaving to pursue another opportunity. A Canadian Press dispatch to The Globe says the company, which has operations in Colombia, says the midpoint of its production guidance for its 2024 financial year is now 49,000 barrels of oil equivalent a day, down from earlier expectations for 57,000 boed. The company says the lower production guidance was primarily driven by lower-than-expected results at its Arauca operations. Parex also lowered the midpoint of its capital expenditure forecast to $380-million (U.S.) from $410-million (U.S.). The changes came as Parex said CFO Sanjay Bishnoi was leaving the company, effective Sept. 20. Parex appointed Cameron Grainger as interim CFO. Parex closed Thursday at $13.18, down $4.08 on the Toronto Stock Exchange.