Why These Energy Stocks are Losing This Week

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3. GeoPark Limited (NYSE:GPRK)

Share Price Decline Between Dec. 3 – Dec. 10: 11.7%

GeoPark Limited (NYSE:GPRK) operates as an oil and natural gas exploration and production company in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries.

GeoPark Limited (NYSE:GPRK) suffered a setback on December 9 when it was reported that Parex Resources is walking away from discussions over a potential acquisition of the company, effectively ending more than a month of negotiations between the two parties.

Despite GeoPark Limited (NYSE:GPRK)’s efforts, Parex refused to increase the $9-per-share cash offer it submitted in September, which the company believes undervalues its assets. Geopark released the following statement regarding the development:

“GeoPark’s Board and management team have always been open to entering into transactions that maximize value for our shareholders. As such, we entered into discussions with Parex in good faith, aiming to negotiate a mutually agreeable transaction. From the outset of negotiations, we have communicated our belief that Parex’s September 4, 2025, offer of $9.00 per share undervalues GeoPark.

Over six weeks of extensive Special Committee and Board sessions and numerous meetings between our respective senior management teams, we provided Parex and its advisors access to substantial and comprehensive, non-public technical and financial information relevant to our ongoing operations and future upside potential – all of which is clearly incremental to the facts upon which Parex’s original offer was founded. Importantly, Parex’s $9.00 per share offer ascribed no value to GeoPark’s transformative Vaca Muerta acquisition which was announced on September 25, 2025. The Board has communicated that any credible or constructive engagement going forward would require a revised proposal beginning in the double-digits.”

In other news, GeoPark Limited (NYSE:GPRK) announced its 2026 Work Program and medium-term guidelines on December 1, with the company aiming to triple CapEx, double adjusted EBITDA, and grow production by over 60% through 2028.

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