Paramount Resources traded at 29.71 this Friday May 8th, increasing 0.33 or 1.12 percent since the previous trading session. Looking back, over the last four weeks, Paramount Resources gained 9.11 percent. Over the last 12 months, its price rose by 80.06 percent. Looking ahead, we forecast Paramount Resources to be priced at 30.01 by the end of this quarter and at 28.22 in one year, according to Trading Economics global macro models projections and analysts expectations.
Paramount Resources Ltd is a Canada-based energy company that is focused on developing its portfolio of diverse resource plays while consistently building value for shareholders. The Company explores for, develops, produces and markets natural gas, oil and natural gas liquids in Alberta, British Columbia, Saskatchewan and the Northwest Territories. It has portfolio of resource plays in the Kaybob Region and The Central Alberta, which includes multiple land and resource positions, such as Kaybob Montney Oil, Kaybob South Duvernay Willesden Green and East Shale Basin Duvernay, Cardium, Glauconite and Ellerslie rights.