|Bid||7.05 x 0|
|Ask||7.14 x 0|
|Day's Range||6.86 - 7.14|
|52 Week Range||5.26 - 15.84|
|Beta (3Y Monthly)||2.09|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CALGARY , June 28, 2019 /CNW/ - Paramount Resources Ltd. (ʺParamountʺ or the ʺCompanyʺ) is pleased to announce that it has entered into an agreement with an affiliate of CSV Midstream Solutions Corp. (ʺCSV Midstreamʺ) for the sale of its Karr 6-18 natural gas facility and related midstream assets (the ʺ6-18 Facilityʺ) for total cash consideration of approximately $330 million plus a $140 million capital commitment to fund and complete the associated expansion of the facility (ʺD2ʺ), bringing the total transaction value to $470 million (the ʺMidstream Transactionʺ). CSV Midstream will assume operatorship of the 6-18 Facility at closing and complete the construction of D2, which is currently in-progress and scheduled to be commissioned in the second half of 2020. Paramount will receive cash consideration of approximately $255 million in respect of the 6-18 Facility and approximately $75 million for the reimbursement of the Company's D2 project capital expenditures incurred to date.
Paramount Resources Ltd. Reports First Quarter 2019 Results: Adjusted Funds Flow of $100.5 million, Sales Volumes Average 81,296 Boe/d
The webcast will be available on Paramount's website and at the internet address above for a period of time following the meeting. Paramount is an independent, publicly traded, liquids-focused Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas resources, including long-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities. The Company's principal properties are located in Alberta and British Columbia. Paramount's Class A common shares are listed on the Toronto Stock Exchange under the symbol "POU".
CALGARY , Jan. 2, 2019 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (POU.TO) announces that its board of directors has approved the implementing of a normal course issuer bid ("NCIB"). A Notice of Intention to make a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange (the "TSX"). Paramount is implementing the NCIB as the Company's directors and management believe that, from time to time, the market price of Paramount's Class A Common Shares ("Common Shares") does not reflect the underlying value of the Common Shares and that the purchase of Common Shares for cancellation at such times is a prudent corporate measure that will both increase the proportionate interest in the Company of, and be advantageous to, all of the Company's remaining shareholders.
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CALGARY , Sept. 16, 2018 /CNW/ - It is with very heavy hearts that we announce the passing of Company founder and Chairman, Clayton (Clay) H. Riddell . Clay passed away peacefully with his family by his side on Saturday, September 15 th after a short illness. An icon of the Canadian oil patch, Clay was a fervent advocate for the responsible development of Canada's natural resources and he epitomized the entrepreneurial spirit.