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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
Bernard K. Lee
Chief Financial Officer, Executive Vice President - Finance
John B. Williams
Executive Vice President - Kaybob
Mitchell Shier
Vice President - Land, General Counsel, Corporate Secretary
Rodrigo Sousa
Vice President - Corporate Development
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 nine months ended 30 September 2019, Paramount Resources Ltd revenues increased 9% to C$580.9M. Net loss decreased 71% to C$56.7M. Revenues reflect Oil Equv. Prod. (Bbl/D)- Grande Prairie increase of 3% to 26K barrels per day, Gain (loss) on commodity contracts increase of 83% to -C$28M, Royalties decrease of 25% to C$46.1M. Lower net loss reflects Exploration and Development Costs-Kaybob decrease of 49% to C$62M.
Employees: 655 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $1,370M as of Sep 30, 2019
Annual revenue (TTM): $950.74M as of Sep 30, 2019
EBITDA (TTM): $484.06M as of Sep 30, 2019
Net annual income (TTM): -$184.81M as of Sep 30, 2019
Free cash flow (TTM): -$261.87M as of Sep 30, 2019
Net Debt Last Fiscal Year: $747.99M as of Sep 30, 2019
Shares outstanding: 134,196,717 as of Jan 20, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization