Written by Summary Insiders own nearly half of Paramount’s outstanding shares. Cash flow now funds growth, a dividend, and debt reduction. The asset story of the past remains. But it is not the main source of growth. Large insider ownership allows management to resist short-term market pressure while allowing for long-term strategic optimization. This is one of the few companies growing production at a good clip in the industry. This idea was discussed in more depth with members of my private investing community, Oil & Gas Value Research. Learn More » bjdlzx (Note: This article was in the newsletter on November 29, 2022) (Note: This is a Canadian company that reports in Canadian Dollars unless otherwise indicated.) Paramount Resources ( OTCPK:PRMRF ) (TSX: POU:CA ) has changed a lot since I first began following the company. This company was an asset story for years and it often grew by developing production and then selling most of what it developed. The money gained in the transaction was used to repeat the process while slowly growing production retained. That was seen as risky by the market. Since key ratios had gotten extended along the way, fiscal year 2020 saw the stock […]
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