BUZZ-Paramount Resources falls after flagging 2025 capex at low end of guidance

Reuters12-16 23:14
BUZZ-Paramount Resources falls after flagging 2025 capex at low end of guidance 

** Shares of Canadian energy company Paramount Resources POU.TO plunge 2.2% to $24.01 in early trading

** Co expects capex to come in at the low end of its guidance range for 2025 and Q4 production-to-date averaging above 45,000 barrels of oil equivalent per day (Boe/d)

** Co also secures a $250 million delayed-draw term loan facility with Export Development Canada and extended the maturity date of its $500 million senior secured revolving bank credit facility

** POU also sells its remaining shares in NuVista Energy NVA.TO, bringing cash and equivalents to about $800 million as of November 30

** Including session's moves, POU down ~23% YTD

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment