Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Paramount Resources Ltd. (T:POU)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEDAR
Company Contact
Address: 2800, 421, 7th Avenue S.W.
CALGARY AB T2P 4K9
Tel: N/A
Website: https://www.paramountres.com
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
Rodrigo R. Sousa
Executive Vice President - Corporate Development and Planning
John B. Williams
Executive Vice President - Kaybob Region
Business Overview
Paramount Resources Ltd. is a Canada-based energy company. The Company explores for and develops both conventional and unconventional petroleum and natural gas reserves and resources. The Company's principal properties are located in Alberta and British Columbia. The Company's operations are organized into three regions. Its Grande Prairie Region, located in the Peace River Arch area of Alberta, which is focused on Montney developments at Karr and Wapiti. Its Kaybob Region, located in west-central Alberta, which includes the Kaybob North and Ante Creek Montney oil developments, Duvernay developments at Kaybob Smoky, Kaybob North and Kaybob South and other shale gas and conventional natural gas producing properties. Its Central Alberta and Other Region, which includes the Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia.
Financial Overview
For the six months ended 30 June 2022, Paramount Resources Ltd revenues increased from C$379.1M to C$965.9M. Net income totaled C$198.8M vs. loss of C$156.8M. Revenues reflect Condensate and oil segment increase of 70% to C$671.9M, Oil Equv. Prod. (Bbl/D)- Grande Prairie increase of 7% to 52K barrels per day. Net Income reflects Exploration and Development Costs-Centra decrease of 93% to C$900K.
Employees: 410 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $4,379M as of Jun 30, 2022
Annual revenue (TTM): $1,653M as of Jun 30, 2022
EBITDA (TTM): $977.22M as of Jun 30, 2022
Net annual income (TTM): $592.46M as of Jun 30, 2022
Free cash flow (TTM): $190.01M as of Jun 30, 2022
Net Debt Last Fiscal Year: $233.50M as of Jun 30, 2022
Shares outstanding: 142,018,102 as of Aug 22, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization