Paramount Resources (TSE:POU) has released an update.
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Paramount Resources has agreed to sell its Karr, Wapiti, and Zama properties to Ovintiv Inc. for $3.325 billion in cash, along with certain Horn River Basin properties. This strategic divestiture aims to provide long-term value for shareholders and help Paramount focus on developing its high-growth Duvernay assets.
For further insights into TSE:POU stock, check out TipRanks’ Stock Analysis page.
