CALGARY, AB - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce the implementation of a monthly dividend program with respect to its class A common shares (the "Common Shares"). The Board of Directors has declared an inaugural cash dividend of $0.02 per Common Share that will be payable on July 30, 2021 to shareholders of record on July 15, 2021. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. While the Company [Read more]
Strathcona Resources Ltd.
Paramount demands cash for its stake in Strath Resources after merger announced
CALGARY - Oil and gas company Paramount Resources Ltd. is demanding a cash payout for its shares in Strath Resources Ltd. when it is merged with another private firm. Calgary-based Paramount says neither the amalgamation nor the process followed were in the best interests of Strath and its shareholders and it is exercising its "right of dissent" under the Alberta Business Corporations Act to be bought out for fair value. It didn't specify a price. In 2018, Strath bought Paramount's oil and [Read more]
Paramount Resources Ltd. provides update concerning Strath Resources Ltd. investment
CALGARY, AB - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is providing an update concerning its investment in Strath Resources Ltd. As announced by Waterous Energy Fund, Strath amalgamated with Cona Resources Ltd. on August 14, 2020 to form Strathcona Resources Ltd. Prior to the amalgamation, Paramount held common shares of Strath and warrants to acquire common shares of Strath that it received in connection with the July 2018 disposition of its Resthaven/Jayar assets to [Read more]
March-April Licence Activity Review – A SAGD-lightful spring
After a slow start to 2024, Canadian licensing activity has broken a 2-month streak of declines. Between March 13 and April 12, 428 licences were obtained. This represents a noteworthy 17.9% increase compared to the previous month, which saw companies obtain 363 new licences. This past month’s licences were spread across 51 unique licensees, representing an average of 8.4 licences per licensee. Overall, licensing activity for the month was dominated by oil sands producers, with the McMurray [Read more]
Week in Review – Stock gainers/fallers and most read articles
Welcome to the BOE Report’s Week in Review! Did you miss something this week? We’ve got you covered. Check out any BOE Intel articles that you missed, and catch up on our most read articles from the week. We have also included the top gainers and fallers in the energy markets this week among our BOE Intel coverage list. TOP 5 GAINERS/FALLERS THIS WEEK Top 5 Gainers Company Ticker 7 Day Return Perpetual Energy PMT.TO 24.39% ROK [Read more]
February-March Licence Activity Review – Keeping an eye on the Clearwater. Plus, Baytex begins licensing on its new farm-in acreage?
In a slow start to 2024, Canadian licensing declined for the third consecutive month. Between February 13 and March 12, 363 licences were obtained. This represents a noteworthy 42.7% decline compared to the previous month, which saw companies obtain 633 new licences. This past month’s licences were spread across 68 unique licensees, representing an average of 9.3 licences per licensee. Overall, licensing activity for the month was dominated once again by producers operating in the Montney. The [Read more]
Week in Review – Stock gainers/fallers and most read articles
Welcome to the BOE Report’s Week in Review! Did you miss something this week? We’ve got you covered. Check out any BOE Intel articles that you missed, and catch up on our most read articles from the week. We have also included the top gainers and fallers in the energy markets this week among our BOE Intel coverage list. TOP 5 GAINERS/FALLERS THIS WEEK Top 5 Gainers Company Ticker 7 Day Return Obsidian Energy OBE.TO 10.11% Rubellite [Read more]
Saskatchewan Lloydminster Field Review – BOE Intel
While flagship plays like the Montney, Duvernay and the Clearwater tend to garner most of the attention in the Canadian oil and gas industry, we've recently tracked some significant investments in a different section of the oil patch. The Lloydminster area has seen noteworthy activity from top producers both large and small; Lloydminster area thermal and heavy oil projects are key operational focuses for public companies from Cenovus and Strathcona to Lycos Energy, along with a healthy pool of [Read more]
January-February Licence Activity Review – The Spotlight Shines on the Duvernay
In a slow start to 2024, Canadian licensing declined for the second consecutive month. Between January 13 and February 12, 633 licences were obtained. This represents a 4.5% decline compared to the previous month, which saw companies obtain 663 new licences. This past month’s licences were spread across 88 unique licensees, representing an average of 7.2 licences per licensee. Overall, licensing activity for the month was dominated once again by producers operating in the Montney, particularly [Read more]
December-January Licence Activity Review – Tourmaline starting/finishing the year strong
Canadian licensing declined last month, putting an end to a streak of activity growth that began back in October. From December 13 to January 12, 663 licences were obtained. This represents a 33.9% decline compared to the previous month, which saw companies obtain 1,004 new licences. This past month’s licences were spread across 79 unique licensees, representing an average of 8.4 licences per licensee. Overall, the month was dominated by producers operating in the Montney, particularly in BC [Read more]