Paramount Resources Ltd (TSE:POU) has released an update.
Paramount Resources Ltd. reported outstanding 2023 annual results with record sales volumes of 96,393 barrels of oil equivalent per day, achieving a robust $938 million in cash from operating activities. The company has also completed a non-core asset disposition for $47 million, and is updating its followers with a revised guidance for 2024. Shareholders saw a substantial return of $355 million through dividends, highlighting the company’s strong financial performance and commitment to shareholder value.
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