RY 144.17 0.4529% TD 77.39 0.0517% SHOP 78.87 -1.3878% CNR 171.64 0.5625% ENB 50.09 -0.4769% CP 110.62 0.6277% BMO 128.85 -0.548% TRI 233.58 1.1563% CNQ 103.29 -0.174% BN 60.87 -0.2295% ATD 75.6 -1.447% CSU 3697.0 1.1582% BNS 65.76 -0.3485% CM 66.6 -0.5525% SU 54.21 1.1569% TRP 53.15 0.3398% NGT 58.54 -0.3405% WCN 226.5 0.4123% MFC 35.905 0.9986% BCE 46.75 -0.5954%
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Is Paramount Resources well positioned to sustain the volatility in the energy market?
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Highlights
Canadian energy company Paramount Resources Ltd (TSX: POU) is involved in exploration, development, production, and marketing of natural gas, natural gas liquids and crude oil in Alberta and British Columbia. Also, the sales for the company's products are priced in a variety of markets across the United States and Canada.
In the first quarter of 2023, the company posted stable average daily production, resulting in decent financial metrics. Paramount Resources was able to achieve industry-beating margins profile. Moreover, the firm secured positive funds from operations during the reporting period.
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