Last C$64.47 CAD
Change Today +1.31 / 2.07%
Volume 1.1M
POU On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:42 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

paramount resources ltd -a (POU) Snapshot

Open
C$63.21
Previous Close
C$63.16
Day High
C$64.58
Day Low
C$63.00
52 Week High
06/16/14 - C$64.63
52 Week Low
09/26/13 - C$33.10
Market Cap
6.7B
Average Volume 10 Days
490.5K
EPS TTM
C$-0.70
Shares Outstanding
104.7M
EX-Date
12/10/99
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PARAMOUNT RESOURCES LTD -A (POU)

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paramount resources ltd -a (POU) Details

Paramount Resources Ltd., an independent energy company, is engaged in the exploration, development, production, processing, transportation, and marketing of natural gas, crude oil, and natural gas liquids in Canada and the United States. Its principal properties are located in west central Alberta; the Peace River Arch area of Alberta; southern Alberta; and northern Alberta and northeast British Columbia. The company was founded in 1978 and is headquartered in Calgary, Canada.

287 Employees
Last Reported Date: 03/6/14
Founded in 1978

paramount resources ltd -a (POU) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: C$425.0K
President, Chief Operating Officer and Non-In...
Total Annual Compensation: C$446.3K
Chief Financial Officer
Total Annual Compensation: C$325.0K
Manager of Land, General Counsel and Corporat...
Total Annual Compensation: C$300.0K
Corporate Operating Officer
Total Annual Compensation: C$275.0K
Compensation as of Fiscal Year 2013.

paramount resources ltd -a (POU) Key Developments

Paramount Resources Ltd. Presents at Peters & Co 18th Annual Energy Conference, Sep-09-2014 08:40 AM

Paramount Resources Ltd. Presents at Peters & Co 18th Annual Energy Conference, Sep-09-2014 08:40 AM. Venue: The Ritz-Carlton, 181 Wellington Street West, Toronto, Ontario, Canada.

Paramount Resources Ltd. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Sales Guidance for the Fiscal Year 2014

Paramount Resources Ltd. announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 20134. For the quarter, the company announced petroleum and natural gas sales of $80.0 million compared to $59.4 million for the same period a year ago. Funds flow from operations was $29.5 million or $0.30 per diluted share compared to $22.3 million or $0.24 per diluted share for the same period a year ago. Net income was $53.1 million or $0.53 per diluted share compared to net loss of $22.1 million or $0.24 per diluted share for the same period a year ago. Exploration and development expenditures were $202.6 million compared to $94.0 million for the same period a year ago. For the six months, the company announced petroleum and natural gas sales of $166.2 million compared to $120.8 million for the same period a year ago. Funds flow from operations was $63.0 million or $0.64 per diluted share compared to $38.8 million or $0.42 per diluted share for the same period a year ago. Net income was $44.2 million or $0.45 per diluted share compared to net loss of $21.8 million or $0.24 per diluted share for the same period a year ago. Exploration and development expenditures were $375.6 million compared to $239.2 million for the same period a year ago. Net debt at the end of the period was $1,356.2 million compared to $803.3 million for the same period a year ago. For the quarter, the company announced sales volumes of natural gas of 99.4 MMcf/d compared to 107.6 MMcf/d for the same period a year ago. Sales volumes of NGLs were 3,292 Bbl/d compared to 2,126 Bbl/d for the same period a year ago. Sales volumes of oil were 730 Bbl/d compared to 722 Bbl/d for the same period a year ago. Total sales volumes were 20,585 Boe/d compared to 20,790 Boe/d for the same period a year ago. For the six months, the company announced sales volumes of natural gas of 102.0 MMcf/d compared to 110.6 MMcf/d for the same period a year ago. Sales volumes of NGLs were 3,186 Bbl/d compared to 2,392 Bbl/d for the same period a year ago. Sales volumes of oil were 615 Bbl/d compared to 859 Bbl/d for the same period a year ago. Total sales volumes were 20,805 Boe/d compared to 21,685 Boe/d for the same period a year ago. The company's sales volumes are expected to more than double to approximately 50,000 Boe/d later in 2014 and increase to approximately 70,000 Boe/d in 2015.

Paramount Provides Operational Update

Paramount announced commissioning of the 200 MMcf/d Musreau Deep Cut Facility is complete. The facility has been handed over to Paramount's operations team and final start-up activities are underway to begin delivering sales volumes. The company is expanding the development of its liquids-rich Montney lands in the Kaybob area. To provide incremental natural gas processing capacity, Paramount has sanctioned the construction of two new wholly-owned 100 MMcf/d refrigeration plants. The first new plant is scheduled to be on-stream in the second half of 2016 and the second plant approximately six months later. Paramount's sales volumes are projected to surpass 100,000 Boe/d by the end of 2016 and 125,000 Boe/d in 2017 once both new plants are on-stream. Fox Drilling has commenced the construction of two new walking rigs to support the Company's expanded drilling program. Paramount has drilled its first horizontal Duvernay well in the Willesden Green area of Alberta. The company has also entered into a joint venture agreement that will increase its Willesden Green Duvernay land position to 86 (43 net) sections. Cavalier Energy Inc. has received regulatory approval for the initial 10,000 Bbl/d phase of its Hoole Grand Rapids development. Paramount's 2014 capital budget has been increased by $150 million to $800 million. In the second quarter, the company received approximately $90 million cash from the sale of a 50% interest in its Birch property. Based on the results of Paramount's Deep Basin development programs, the company's bank credit facility was increased from $600 million to $700 million following a scheduled mid-year review.

 

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POU

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Price/Earnings 100.0x
Price/Sales 23.4x
Price/Book 5.1x
Price/Cash Flow 38.2x
TEV/Sales 20.2x
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