An update from Paramount Resources ( (TSE:POU) ) is now available.
Paramount Resources Ltd. announced its 2024 annual financial results, highlighting the sale of its Karr, Wapiti, and Zama properties to Ovintiv Inc. for approximately $3.3 billion. This transaction allowed Paramount to distribute a special cash dividend to shareholders and repurchase shares. The company reported record annual sales volumes and significant cash flow from operations, indicating strong financial performance and strategic repositioning within the industry.
More about Paramount Resources
Paramount Resources Ltd. is a company operating in the energy sector, primarily focused on the exploration and production of natural gas, condensate, and oil. The company is listed on the Toronto Stock Exchange under the symbol POU and is involved in the development of shale gas and conventional natural gas, as well as various types of crude oil and natural gas liquids.
YTD Price Performance: -9.48%
Average Trading Volume: 91,996
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.55B
Learn more about POU stock on TipRanks’ Stock Analysis page.
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