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Stocks in play: Paramount Resources Ltd.

Baystreet.ca - Baystreet - Thu Nov 2, 2023

Announced its third-quarter 2023 financial and operating results, which included record production, and an expansion of its Montney acreage in the Grande Prairie Region. Third quarter sales volumes averaged 98,644 Boe/d (45% liquids), a quarterly record. Cash from operating activities was $208 million ($1.45 per basic share) in the third quarter. Adjusted funds flow was $234 million ($1.64 per basic share). Free cash flow was $19 million ($0.13 per basic share) in the third quarter. Paramount Resources Ltd. shares T.POU are trading down $1.07 at $32.49.

Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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