Paramount Resources Update Lends Confidence to Its Ability to Gear Up for Growth -- Market Talk

Dow Jones
Dec 16

1007 ET - Paramount Resources' update reinforces confidence in the company's liquidity position as it gears up for meaningful growth that is expected to double production to about 100,000 oil-equivalent barrels a day by the end of 2027, Raymond James' Luke Davis says. Paramount added a new C$250 million term loan facility, extended the maturity on its existing C$500 million credit facility, and confirmed the full sale of its about 6.5% stake in NuVista. It leaves, Paramount has roughly C$800 million of cash on the books and C$1.5 billion total liquidity. Davis notes full-year production volumes tracking toward the higher end of management's guidance. The analyst views the update constructively and expect Paramount's shares to outperform peers Tuesday. Currently down 1.4% at C$24.21. (robb.stewart@wsj.com)

 

(END) Dow Jones Newswires

December 16, 2025 10:08 ET (15:08 GMT)

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