Nuvista Energy Ltd T.NVA

Paramount Resources Disposes of a Portion of Its Investment

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This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids.

CALGARY, AB, April 12, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) announces that it sold 6,000,000 common shares ("NuVista Shares") of NuVista Energy Ltd. ("NuVista") on April 11, 2024 by means of a block trade through the facilities of the TSX (the "Transaction"). Paramount received $12.50 per NuVista Share for aggregate cash consideration of $75,000,000.

Paramount Resources Ltd. Disposes of a Portion of Its Investment in the Common Shares of NuVista Energy Ltd. (newswire.ca)

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on April 11, 2024 by means of a block trade through the facilities of the TSX (the "Transaction"). Paramount received $12.50per NuVista Share for aggregate cash consideration of $75,000,000. The NuVista Shares disposed of pursuant to the Transaction represented 2.91% of the 206,332,335 NuVista Shares reported by the TSX to be outstanding as of April 11

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Paramount Resources Ltd. (TSE:POU – Get Free Report) Senior Officer John B. Williams sold 8,000 shares of Paramount Resources stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$29.60, for a total transaction of C$236,800.00.

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Paramount Resources has been struggling lately as its earnings have declined faster than most other companies. The P/E is probably low because investors think this poor earnings performance isn't going to improve at all. You'd much rather the company wasn't bleeding earnings if you still believe in the business. Or at the very least, you'd be hoping the earnings slide doesn't

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Paramount Resources Ltd. (TSE:POU) will pay a dividend of CA$0.125 on the 30th of April. Based on this payment, the dividend yield will be 5.3%, which is fairly typical for the industry. See our latest analysis for Paramount Resources  Paramount Resources' Earnings Easily Cover The Distributions We aren't too impressed by dividend yields unless they can be sustained over

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from SEDI: Filed 2024-04-12 11:31   Tx date 2024-04-11 $NVA NUVISTA ENERGY LTD. Paramount Resources Ltd. 3 - 10% Security Holder of Issuer Direct Ownership Common Shares 10 - Acquisition or disposition in the public market $-75,000,000 -6,000,000 vol $12.50 each

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from SEDI: Filed 2024-04-12 15:14   Tx date 2024-04-12 $POU Paramount Resources Ltd. Gobert, Wilfred Arthur 4 - Director of Issuer Direct Ownership Common Shares Class A 51 - Exercise of options $17,790 +3,000 vol $5.93 each 62,638