Paramount Resources (T:POU) has notable insider buying
Chart shows all insider (exclusing issuers) public market transactions of directly and indirectly held equity securities as reported in SEDI
Published Wednesday Jul 27, 2016 12:00 AM EDT
Paramount Resources Ltd. (
POU) has a high amount of executive buying compared to its mid-cap peers over the past three months.
Clayton H. Riddell, CEO, Director and 10% Holder executive,
acquired 6,500 Common Shares Class A on an indirect ownership basis for registered holder Managed Account at a price of $11.979 through the public market on July 25th, 2016. The insider also
acquired 183,500 Common Shares Class A on an indirect ownership basis for registered holder Treherne Resources Ltd. at a price of $11.979 through the public market on July 25th, 2016. This represents a $2,275,991 investment into the company's shares and an account share holdings change of greater than 100%.
Paramount Resources Ltd. is engaged in exploring and developing conventional petroleum and natural gas prospects, which pursues non-conventional exploration and pre-development projects and holds a portfolio of investments in other entities. The Company's principal properties are primarily located in Alberta, British Columbia and Northwest Territories. The Company operates in three business segments: Principal Properties, Strategic Investments and Corporate. The Company's Principal Properties segment includes its corporate operating units (COUs), which are involved in the exploration, development, production and marketing of natural gas, natural gas liquids and crude oil having similar economic characteristics. Its COUs include the Kaybob COU, the Grande Prairie COU, the Southern COU and the Northern COU. The Company's Strategic Investments segment includes investments in other entities, such as affiliates.