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Paramount Resources Ltd. (T:POU)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 421 7 Ave SW Suite 2800
Tel: N/A
IR: See website
Key People
James H. T. Riddell
Chairman of the Board, President, Chief Executive Officer
Paul Robert Kinvig
Chief Financial Officer
Bernard K. Lee
Executive Vice President - Finance
D. Blake Reid
Executive Vice President - Operations
John B. Williams
Executive Vice President - Kaybob Region
Mitchell Shier
Vice President - Land, General Counsel, Corporate Secretary
Rodrigo R. Sousa
Vice President - Corporate Development and Planning
Business Overview
Paramount Resources Ltd is a Canada-based energy company that is focused on developing its portfolio of diverse resource plays while consistently building value for shareholders. The Company explores for, develops, produces and markets natural gas, oil and natural gas liquids in Alberta, British Columbia, Saskatchewan and the Northwest Territories. It has portfolio of resource plays in the Kaybob Region and The Central Alberta, which includes multiple land and resource positions, such as Kaybob Montney Oil, Kaybob South Duvernay Willesden Green and East Shale Basin Duvernay, Cardium, Glauconite and Ellerslie rights.
Financial Overview
For the three months ended 31 March 2021, ParamountResources Ltd revenues decreased 11% to C$180.1M. Net lossdecreased 65% to C$82.5M. Revenues reflect Royalty andsulphur income segment decrease of 37% to C$1.6M, Oil Equv.Prod. (Bbl/D)- Kaybob decrease of 24% to 25K barrels perday. Lower net loss reflects Average Production Costs perunit, Total decrease of 15% to C$15.47 per barrel.
Employees: 421 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $2,944M as of Mar 31, 2021
Annual revenue (TTM): $580.93M as of Mar 31, 2021
EBITDA (TTM): -$20.96M as of Mar 31, 2021
Net annual income (TTM): $129.91M as of Mar 31, 2021
Free cash flow (TTM): -$85.01M as of Mar 31, 2021
Net Debt Last Fiscal Year: $724.59M as of Mar 31, 2021
Shares outstanding: 134,852,097 as of Jul 26, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization