Paramount Resources Ltd. Class A
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- James H. T. Riddell
- Full Time Employees
- 505
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- 888 – 3rd Street SW Calgary AB Canada T2P 5C5
- IPO Date
- Nov 30, 1984
- Website
- paramountres.com
- Similar Companies
- Business
- Paramount Resources Ltd. is a Canadian energy company engaged in the exploration, development, and production of conventional and unconventional petroleum and natural gas reserves, with a primary focus on liquids-rich natural gas. The company operates mainly in Western Canada, including Alberta and British Columbia, with key asset regions such as Grande Prairie (Karr and Wapiti Montney properties), Kaybob (Kaybob North Duvernay development and other oil and gas properties), and Central Alberta (Willesden Green Duvernay and shale gas properties in the Horn River and Liard Basins). Its offerings include the development of both conventional and unconventional petroleum and natural gas reserves, longer-term strategic exploration and pre-development plays, and a portfolio of investments in other energy entities. Recent major company changes include the November 2024 agreement to sell its Karr, Wapiti, and Zama properties to Ovintiv Inc. for approximately CAD 3.325 billion in cash, plus reciprocal acquisitions of certain properties in the Horn River Basin from Ovintiv. This strategic transaction marks a pivot toward value realization, allowing Paramount to focus on the development and growth of its Duvernay assets at Willesden Green and Kaybob North, which flow through company-owned infrastructure, as well as advancing the appraisal of its newly acquired Sinclair Montney property. Additionally, Paramount is progressing plans for a new dry gas processing facility at Sinclair with detailed engineering and regulatory work underway, aiming to boost production capacity over the next several years. The company continues to emphasize capital discipline, organic growth, and evaluation of accretive transactions to strengthen its balance sheet. Founded in 1989 and headquartered in Calgary, Alberta, Paramount Resources Ltd. operates as a publicly traded company listed on the Toronto Stock Exchange under the ticker POU.TO. It serves the energy sector with a focus on exploration and production of fossil fuels, specifically oil and gas, targeting markets in Canada and holding a prominent position in key liquids-rich natural gas plays like the Montney and Duvernay formations. Its business segments include upstream exploration and development in multiple resource basins with substantial reserves and production volumes, supported by infrastructure ownership to optimize operational control and long-term asset development. This detailed profile reflects Paramount's core business activities and its strategic repositioning after recent asset sales and development plans, underscoring its focus on high-value, liquids-rich natural gas assets and growth through infrastructure-led production expansion in Western Canada.
Company News
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Paramount Resources Ltd. (OTCMKTS:PRMRF) Receives Average Recommendation of “Moderate Buy” from Analysts
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