Paramount Resources Ltd. (T:POU)
Business Focus: Oil & Gas Exploration and Production (NEC)
Mostly sunny as of May 01, 2024
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Insider Filings
Latest 10 SEDI filings for POU within the last 6 months
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Company News
May 02, 2024 19:22 ET
Paramount Resources Ltd. Announces Annual General Meeting Results
CALGARY, AB, May 2, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) announces that the following eight director nominees were elected at today's annual general meeting of shareholders:
May 02, 2024 07:00 ET
Paramount Resources Ltd. Announces First Quarter 2024 Results and 20% Dividend Increase
CALGARY, AB, May 2, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce its first quarter 2024 financial and operating results, highlighted by strong contributions from its Duvernay developments at Kaybob North and Willesden Green. The Company is also pleased to announce that it is increasing its regular monthly dividend by 20% from $0.125 per class A common share ("Common Share") to $0.15 per Common Share beginning May 2024.
Valuation Ratios
Industry
Sector
Beta
3.16
--
--
Price to Sales - TTM
2.76
3.22
3.40
Price to Book - most recent quarter
1.32
1.43
1.78
Price to Cash Flow per share - TTM
6.20
4.91
6.20
Price to Free Cash Flow per share - TTM
--
16.44
16.41
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 30, 2024 | 1,881,770 | 573,027 |
| Apr 15, 2024 | 1,308,743 | -167,101 |
| Mar 31, 2024 | 1,475,844 | 1,390 |
Business Summary
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
Paramount Resources Ltd. is a Canada-based energy company. The Company explores and develops both conventional and unconventional petroleum and natural gas. It also pursues longer-term strategic exploration and pre-development plays and holds a portfolio of investments in other entities. Its principal properties are located in Alberta and British Columbia. The Company's operations are organized into three regions: the Grande Prairie Region, located in the Peace River Arch area of Alberta, which is focused on Montney developments at Karr and Wapiti; the Kaybob Region, located in west-central Alberta, which includes the Kaybob North Duvernay development, the Kaybob North Montney oil development and other shale gas and conventional natural gas producing properties, and the Central Alberta and Other Region, which includes the Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia.
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