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Paramount Resources Ltd (POU.TO)

POU.TO on Toronto Stock Exchange

9.30CAD
22 Apr 2019
Change (% chg)

$0.00 (+0.00%)
Prev Close
$9.30
Open
$9.15
Day's High
$9.48
Day's Low
$9.12
Volume
372,931
Avg. Vol
458,196
52-wk High
$18.69
52-wk Low
$5.75

Latest Key Developments (Source: Significant Developments)

Paramount Resources Reports Expects Average Annual Sales Volumes To Be Between 81,000 BOE/D And 85,000 BOE/D
Thursday, 7 Mar 2019 

March 7 (Reuters) - Paramount Resources Ltd ::REPORTS 2018 ANNUAL RESULTS AND PROVIDES 2019 GUIDANCE.PARAMOUNT'S 2019 ANNUAL SALES VOLUMES ARE EXPECTED TO AVERAGE BETWEEN 81,000 BOE/D AND 85,000 BOE/D.SALES VOLUMES ARE ANTICIPATED TO AVERAGE BETWEEN 80,000 BOE/D AND 81,000 BOE/D IN FIRST HALF OF 2019.PARAMOUNT RESOURCES - SALES VOLUMES AVERAGED 85,941 BOE/D IN 2018, AN INCREASE OF 91 PERCENT COMPARED TO AVERAGE SALES VOLUMES OF 44,970 BOE/D IN 2017.COMPANY'S BASE CAPITAL BUDGET FOR 2019 IS $350 MILLION EXCLUDING LAND ACQUISITIONS AND ABANDONMENT AND RECLAMATION ACTIVITIES.ADJUSTED FUNDS FLOW IN 201 $2.00 PER SHARE.COMPANY HAS BUDGETED $32 MILLION FOR ABANDONMENT AND RECLAMATION ACTIVITIES IN 2019.  Full Article

Paramount Resources Ltd Q2 Loss Per Share $1.01
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Paramount Resources Ltd ::REPORTS SECOND QUARTER 2018 RESULTS.SAYS SALES VOLUMES AVERAGED 86,741 BOE/D IN Q2 OF 2018 COMPARED TO 18,367 BOE/D IN Q2 OF 2017.EXPECTS 2018 AVERAGE ANNUAL SALES VOLUMES TO RANGE BETWEEN 88,000 BOE/D AND 92,000 BOE/D (ABOUT 37 PERCENT LIQUIDS).SAYS COMPANY'S 2018 CAPITAL BUDGET REMAINS UNCHANGED AT $600 MILLION.QTRLY LOSS PER SHARE $1.01.QTRLY ADJUSTED FUNDS FLOW PER SHARE $0.47.Q2 EARNINGS PER SHARE VIEW C$-0.58 -- THOMSON REUTERS I/B/E/S.  Full Article

Paramount Resources Acquires Shares Of Claim Post Resources
Friday, 3 Aug 2018 

Aug 2 (Reuters) - Paramount Resources Ltd ::PARAMOUNT RESOURCES LTD. ACQUIRES SHARES OF CLAIM POST RESOURCES INC..PARAMOUNT RESOURCES-ACQUIRED OWNERSHIP & CONTROL OF 41.4 MILLION COMMON SHARES OF CLAIM POST RESOURCES INC AT A PRICE OF $0.10 PER SHARE.PARAMOUNT RESOURCES LTD - PARAMOUNT OWNS AND CONTROLS APPROXIMATELY 13.1% OF OUTSTANDING CPRI SHARES FOLLOWING PLACEMENT.  Full Article

Paramount Resources Revises 2018 Production Guidance To About 90,000 BOE/D
Friday, 6 Jul 2018 

July 6 (Reuters) - Paramount Resources Ltd ::PARAMOUNT RESOURCES - 2018 CAPITAL BUDGET IS UNCHANGED AT $600 MILLION.PARAMOUNT RESOURCES LTD - PARAMOUNT IS REVISING ITS 2018 PRODUCTION GUIDANCE TO BE APPROXIMATELY 90,000 BOE/D (ABOUT 37% LIQUIDS).  Full Article

Paramount Resources To Sell Non-Core Oil And Gas Properties In Resthaven/Jayar For $340 Million
Friday, 15 Jun 2018 

June 14 (Reuters) - Paramount Resources Ltd ::PRESS RELEASE - PARAMOUNT RESOURCES LTD. TO SELL NON-CORE OIL AND GAS PROPERTIES IN RESTHAVEN / JAYAR FOR $340 MILLION.PARAMOUNT RESOURCES LTD - CASH PROCEEDS FROM SALE WILL BE USED TO PARTIALLY FUND PARAMOUNT'S 2018 CAPITAL EXPENDITURE PROGRAM.PARAMOUNT RESOURCES LTD - PARAMOUNT WILL HOLD A 16% EQUITY INTEREST IN STRATH.PARAMOUNT RESOURCES LTD - JIM RIDDELL, PARAMOUNT'S PRESIDENT AND CHIEF EXECUTIVE OFFICER, WILL JOIN STRATH'S BOARD OF DIRECTORS.PARAMOUNT - CONSIDERATION UNDER TRANSACTION IS $170 MILLION IN CASH, 85 MILLION STRATH COMMON SHARES, 10-YEAR WARRANTS TO ACQUIRE 8.5 MILLION STRATH COMMON SHARES.  Full Article

Paramount Resources Announces Normal Course Issuer Bid
Wednesday, 20 Dec 2017 

Dec 19 (Reuters) - Paramount Resources Ltd ::PARAMOUNT RESOURCES LTD. ANNOUNCES A NORMAL COURSE ISSUER BID.PARAMOUNT RESOURCES LTD - NCIB WILL COMMENCE ON DECEMBER 22, 2017 AND WILL TERMINATE ON EARLIER OF DECEMBER 21, 2018.PARAMOUNT RESOURCES LTD - MAY PURCHASE UP TO 7.5 MILLION COMMON SHARES UNDER NCIB.  Full Article

Paramount Resources reports qtrly ‍FFO per share $0.40​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Paramount Resources Ltd :Paramount Resources Ltd announces third quarter 2017 results; 2018 production and capital guidance; October 2017 sales volumes exceed 98,000 boe/d.Paramount Resources Ltd qtrly ‍FFO per share $0.40​.Paramount Resources Ltd - ‍average sales volumes for Q4 are expected to exceed 95,000 boe/d, with greater than 38 percent liquids volumes​.Says ‍average sales volumes for Q4 are expected to exceed 95,000 boe/d, with greater than 38 percent liquids volumes​.Says ‍Paramount's Q3 2017 sales volumes averaged 49,023 boe/d (40 percent liquids)​.Paramount Resources Ltd - ‍expects sales volumes to average approximately 100,000 boe/d in 2018, including 40 percent liquids volumes​.Paramount Resources Ltd - ‍capital expenditures for 2018 are expected to be approximately $600 million​.Paramount Resources Ltd - ‍in 2018 company plans to drill between 70 and 75 net development wells and complete up to 55 of those net wells​.Paramount Resources Ltd - estimates about $130 million of capital will be spent in Q4, bringing total projected annual spending for 2017 to about $510 million​.Paramount Resources Ltd - ‍also intends to spend approximately $28 million on abandonment and suspension activities in 2018​.  Full Article