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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: 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
Rodrigo R. Sousa
Executive Vice President - Corporate Development and Planning
John B. Williams
Executive Vice President - Kaybob Region
E. Mitchell Shier
Vice President - Land, General Counsel
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 nine months ended 30 September 2021,Paramount Resources Ltd revenues increased 53% to C$670.3M.Net income totaled C$135.9M vs. loss of C$334.1M. Revenuesreflect Condensate and oil segment increase from C$260.5Mto C$645.4M, Crude Oil - Production - Total increase of 42%to 8.4M barrels, Oil Equv. Prod. (Bbl/D)- Grande Prairieincrease of 75% to 50K barrels per day. Net Income reflectsAverage Production Costs per unit.
Employees: 421 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $3,706M as of Sep 30, 2021
Annual revenue (TTM): $836.49M as of Sep 30, 2021
EBITDA (TTM): $120.77M as of Sep 30, 2021
Net annual income (TTM): $447.36M as of Sep 30, 2021
Free cash flow (TTM): $68.13M as of Sep 30, 2021
Net Debt Last Fiscal Year: $536.06M as of Sep 30, 2021
Shares outstanding: 134,971,347 as of Nov 16, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization