Sidney Fowlds - Parafin Corp Chairman of the Board and Presidentident
Chairman
Mr. Fowlds, attended the University of British Columbia between 1958 and 1963 majoring in economics and political science. In 1967, Mr. Fowlds joined Doherty Roadhouse McQuaig Brothers, Investment Advisors. Mr. Fowlds worked in all departments of the securities industry, including on the floor of the Toronto Stock Exchange. In 1969 Mr. Fowlds was appointed vicepresident of a mining company in British Columbia. A year later he became the largest shareholder and Chairman of the Board. Mr. Fowlds restructured that company and formed Jordan River Mines Ltd. Mr. Fowlds was instrumental in financing the mine to production in 1972. .JRM operated a 1, 500 Ton Per Day copper gold silver mine. The mine employed approximately two hundred men with an annual payroll in excess of 8 million. Mr. Fowlds negotiated copper concentrate contracts with Sumitomo Mining in Japan and with Metalgesellshaft in Germany. In 1974 the world price of copper fell below US0.40 per pound and the mine became uneconomic to continue operations. In the 1980s, Mr. Fowlds diversified into the oil and gas industry and was Chairman of the Board of several public and private oil and gas companies including the Registrant. Mr. Fowlds was a financial consultant to these companies and President of the Registrant and during this period raised millions of dollars for the acquisition, exploration and development of oil anmd gas properties. Mr. Fowlds drilled twentysix wildcat wells and acquired land parcels in Louisiana, Texas, California and two multimillion acre Government Concessions in Papua New Guinea. Mr. Fowlds returned to the Oil Gas industry when the price of oil went back up. Mr. Fowlds was a director of the Registrant since October 1986.
| Age | 83 |
| Phone | 213-985-3136 |
| Web | https://www.parafincorp.com |
Parafin Corp Management Efficiency
Parafin Corp's management efficiency ratios could be used to measure how well Parafin Corp manages its routine affairs as well as how well it operates its assets and liabilities. ParaFin Corporation, a development stage company, acquires and explores oil and gas properties in the United States. The company was founded in 1978 and is based in Reno, Nevada. PARAFIN CORP operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. Parafin Corp [PFNO] is a Pink Sheet which is traded between brokers as part of OTC trading.Management Performance
| Return On Equity | -9.0E-4 | |||
| Return On Asset | -4.0E-4 |
Parafin Corp Leadership Team
Elected by the shareholders, the Parafin Corp's board of directors comprises two types of representatives: Parafin Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Parafin. The board's role is to monitor Parafin Corp's management team and ensure that shareholders' interests are well served. Parafin Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Parafin Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sidney Fowlds, Chairman of the Board and Presidentident | ||
| John Johnston, Vice President Director | ||
| Robert Miller, Financial Director | ||
| Anthony Feimann, Treasurer, Secretary |
Parafin Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Parafin Corp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -9.0E-4 | |||
| Return On Asset | -4.0E-4 | |||
| Operating Margin | (20.38) % | |||
| Current Valuation | 13.63 K | |||
| Price To Sales | 0.39 X | |||
| Revenue | 32.21 K | |||
| Gross Profit | 32.21 K | |||
| Net Income | (1.05 M) | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 0.26 X |
Pair Trading with Parafin Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Parafin Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Parafin Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Parafin Pink Sheet
| 0.84 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.8 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.69 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.67 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.5 | BRK-A | Berkshire Hathaway | PairCorr |
The ability to find closely correlated positions to Parafin Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parafin Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Parafin Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Parafin Corp to buy it.
The correlation of Parafin Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parafin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parafin Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Parafin Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Other Consideration for investing in Parafin Pink Sheet
If you are still planning to invest in Parafin Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Parafin Corp's history and understand the potential risks before investing.
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