Intermediate producer Paramount Resources Ltd. confirmed Wednesday that it will attempt to sell midstream assets in northwestern Alberta, while cutting jobs and salaries as part of its plan to cope with low oil and gas prices.
Paramount Resource's Musreau complex Paramount Resources Ltd., the Canadian natural gas producer run by billionaire Clay Riddell, is exploring options for its midstream assets including a possible sale, according to people familiar with the process.
Paramount Resources logo Paramount Resources, Ltd. (TSE:POU) was downgraded by equities researchers at TD Securities from a “buy” rating to a “hold” rating in a research note issued on Thursday, AnalystRatings.
Paramount Resources logo Paramount Resources, Ltd. (TSE:POU) had its price objective reduced by investment analysts at Barclays from C$14.00 to C$4.50 in a report issued on Wednesday, StockTargetPrices.
Paramount Resources logo Shares of Paramount Resources, Ltd. (TSE:POU) have earned an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, Analyst Ratings Net reports.