Impact: Negative. While Company gains a much needed capital injection to regain its financial footing, total cash proceeds of $556 mm for its Musreau infrastructure complex is below our estimate of $672 mm outlined in our previous facts dated January 21, 2016. Additionally, we believe our production and cash flow outlook will be retreating with recent volumes being quoted at 51,000 boe/d (25,000 bbl/d liquids) and no new meaningful additions expected to be brought onstream until 3Q16e.

17 Mar 2016
EXECUTES $600 MM INFRASTRUCTURE SALE, POSTS YEAR-END RESULTS

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EXECUTES $600 MM INFRASTRUCTURE SALE, POSTS YEAR-END RESULTS
Paramount Resources Ltd. Class A (POU:TSE) | 0 0 -0.2% | Mkt Cap: 2,314m
- Published:
17 Mar 2016 -
Author:
Cody R. Kwong -
Pages:
3 -
Impact: Negative. While Company gains a much needed capital injection to regain its financial footing, total cash proceeds of $556 mm for its Musreau infrastructure complex is below our estimate of $672 mm outlined in our previous facts dated January 21, 2016. Additionally, we believe our production and cash flow outlook will be retreating with recent volumes being quoted at 51,000 boe/d (25,000 bbl/d liquids) and no new meaningful additions expected to be brought onstream until 3Q16e.