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Paramount Resources (T:POU) has notable insider buying

Chart shows all insider (exclusing issuers) public market transactions of directly and indirectly held equity securities as reported in SEDI
Published Friday Jul 22, 2016 12:00 AM EDT
Paramount Resources Ltd. (POU) has a high amount of executive buying compared to its mid-cap peers over the past three months. David M. Knott, a Director, acquired 50,000 Common Shares Class A on an indirect ownership basis for registered holder Dorset Energy Fund Limited at a price of $9.460USD through the public market on July 20th, 2016. This represents a $616,825 investment into the company's shares and an account share holdings change of 4.2%.

Paramount Resources Ltd. is engaged in exploring and developing conventional petroleum and natural gas prospects, which pursues non-conventional exploration and pre-development projects and holds a portfolio of investments in other entities. The Company's principal properties are primarily located in Alberta, British Columbia and Northwest Territories. The Company operates in three business segments: Principal Properties, Strategic Investments and Corporate. The Company's Principal Properties segment includes its corporate operating units (COUs), which are involved in the exploration, development, production and marketing of natural gas, natural gas liquids and crude oil having similar economic characteristics. Its COUs include the Kaybob COU, the Grande Prairie COU, the Southern COU and the Northern COU. The Company's Strategic Investments segment includes investments in other entities, such as affiliates.

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