Paramount Resources Ups Dividend Amid Strong Q1

Paramount Resources Ltd (TSE:POU) has released an update.

Paramount Resources Ltd. has reported a robust first quarter in 2024 with increased sales volumes, particularly from its Duvernay developments, and has boosted its monthly dividend by 20%. Despite operational challenges, production has largely recovered, and the company has seen a significant uptick in Duvernay sales volumes, which has led to higher per Boe netbacks. Paramount’s financial performance includes $201 million in cash from operating activities and $226 million in adjusted funds flow.

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