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Paramount’s cash cushion serves as solid buffer

Blessed with a new chunk of cash, Paramount Resources has a message for investors: we can handle our expansion plans.

Earlier this week Paramount closed its latest $136-million offering of flow-through shares, and there is speculation that the company will expand its credit facility to $600-million. Should that happen, the gas producer will have drawn only about a third of its available credit lines by year-end.