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Last C$32.04 CAD
Change Today +0.72 / 2.30%
Volume 856.2K
POU On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:27 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

paramount resources ltd -a (POU) Snapshot

Open
C$31.54
Previous Close
C$31.32
Day High
C$32.48
Day Low
C$31.16
52 Week High
10/1/14 - C$66.37
52 Week Low
01/12/15 - C$21.72
Market Cap
3.4B
Average Volume 10 Days
501.1K
EPS TTM
C$-0.11
Shares Outstanding
106.2M
EX-Date
12/10/99
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PARAMOUNT RESOURCES LTD -A (POU)

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paramount resources ltd -a (POU) Details

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Alberta, British Columbia, Saskatchewan, and the Northwest Territories. The company operates through Principal Properties and Strategic Investments segments. Its principal properties are located in west central Alberta, the Peace River Arch area of Alberta, southern Alberta, and northeast British Columbia and northern Alberta. The company is also involved in the investment activities. Paramount Resources Ltd. was founded in 1978 and is based in Calgary, Canada.

Founded in 1978

paramount resources ltd -a (POU) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: C$425.0K
President, Chief Operating Officer and Non-In...
Total Annual Compensation: C$446.3K
Chief Financial Officer
Total Annual Compensation: C$340.0K
General Counsel, Corporate Secretary and Mana...
Total Annual Compensation: C$315.0K
Corporate Operating Officer
Total Annual Compensation: C$290.0K
Compensation as of Fiscal Year 2014.

paramount resources ltd -a (POU) Key Developments

Paramount Resources Ltd. Agrees to Sell USD 450 Million Aggregate Principal Amount of 6.875% Senior Unsecured Notes Due 2023

Paramount Resources Ltd. announced that it has agreed to sell USD 450 million aggregate principal amount of 6.875% senior unsecured notes due 2023. Due to strong market demand, Paramount increased the size of the offering by USD 50 million to USD 450 million. As stated previously, the company intends to use the net proceeds from the New Notes offering to redeem all of its outstanding 8.25% senior unsecured notes due 2017 in the aggregate principal amount of CAD 370 million, for capital expenditures and for general corporate purposes including the temporary repayment of indebtedness under the company's secured revolving credit facility. The New Notes offering is expected to close on June 5, 2015.

Paramount Resources Proposes Issuance of Up to $400 Million of Senior Unsecured Notes

Paramount Resources Ltd. intended to conduct, subject to market and other conditions, a proposed offering of up to $400 million aggregate principal amount of 8 year senior unsecured notes. The company intends to use the net proceeds from the New Notes offering to redeem all of its outstanding 8.25% senior unsecured notes due 2017 in the aggregate principal amount of CAS 370 million, for capital expenditures and for general corporate purposes including the temporary repayment of indebtedness under the company's secured revolving credit facility.

Paramount Resources Ltd. Reports Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production and Capital Expenditure Guidance for the Year 2015

Paramount Resources Ltd. reported consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported petroleum and natural gas sales of CAD 80.2 million against CAD 86.2 million a year ago. Funds flow from operations was CAD 15.7 million or CAD 0.15 diluted per share against CAD 33.5 million or CAD 0.34 diluted per share a year ago. Net loss was CAD 70.3 million or CAD 0.67 diluted per share against net loss of CAD 8.9 million or CAD 0.09 diluted per share a year ago. Net debt was CAD 1,683.3 million as on March 31, 2015 against CAD 1,273.7 million as on March 31, 2014. First quarter 2015 exploration and capital expenditures totaled CAD 223.6 million, including CAD 188.2 million for Principal Properties and CAD 29.9 million for strategic investments. For the quarter, the company's natural gas volumes were 148.6 MMcf/d against 104.7 MMcf/d a year ago. Other NGLs were 6,968 Bbl/d against 893 Bbl/d a year ago. Condensate and oil was 6,583 Bbl/d against 2,686 Bbl/d a year ago. Total sales volumes were 38,317 Boe/d against 21,028 Boe/d a year ago. Annual sales volumes for the year 2015 are expected to average between 55,000 Boe/d and 65,000 Boe/d, with liquids representing about 45% of total volumes, as new wells are brought on production from the company's inventory of 45 behind-pipe Deep Basin wells. The company's current 2015 capital budget is CAD 400 million, focused on its Deep Basin development and maintaining the optionality of future growth initiatives. The Company's capital budget remains flexible and activity levels may be adjusted depending on commodity prices and other factors.

 

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POU Competitors

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Athabasca Oil Corp C$2.16 CAD +0.03
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Ithaca Energy Inc C$0.96 CAD -0.02
TransAtlantic Petroleum Ltd C$6.69 CAD -0.05
TransGlobe Energy Corp C$5.00 CAD +0.10
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Industry Analysis

POU

Industry Average

Valuation POU Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 10.2x
Price/Book 2.6x
Price/Cash Flow 24.3x
TEV/Sales 5.6x
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