Paramount Resources Renews Share-Buyback Program

Dow Jones

Jul 02, 2025

By Robb M. Stewart

Paramount Resources has the go-ahead from the Toronto Stock Exchange to buy back up to 10% of its public float of shares over a one-year period.

The Calgary, Alberta, energy company said Wednesday the exchange accepted its notice to renew a normal course issuer bid for up to about 7.51 million of its shares beginning July 8.

Paramount bought and cancelled about 5.67 million shares under its current buyback program, which authorized it to repurchase up to 7.89 million shares through July 7.

The natural gas producer's shares last closed at C$21.67, down 32% so far in 2025.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

July 02, 2025 07:22 ET (11:22 GMT)

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Stewart \n</p>\n<pre>\n \n</pre>\n<p>\n  Paramount Resources has the go-ahead from the Toronto Stock Exchange to buy back up to 10% of its public float of shares over a one-year period. \n</p>\n<p>\n  The Calgary, Alberta, energy company said Wednesday the exchange accepted its notice to renew a normal course issuer bid for up to about 7.51 million of its shares beginning July 8. \n</p>\n<p>\n  Paramount bought and cancelled about 5.67 million shares under its current buyback program, which authorized it to repurchase up to 7.89 million shares through July 7. \n</p>\n<p>\n  The natural gas producer's shares last closed at C$21.67, down 32% so far in 2025. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Robb M. 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Stewart \n\n\n \n\n\n  Paramount Resources has the go-ahead from the Toronto Stock Exchange to buy back up to 10% of its public float of shares over a one-year period. \n\n\n  The Calgary, Alberta, energy company said Wednesday the exchange accepted its notice to renew a normal course issuer bid for up to about 7.51 million of its shares beginning July 8. \n\n\n  Paramount bought and cancelled about 5.67 million shares under its current buyback program, which authorized it to repurchase up to 7.89 million shares through July 7. \n\n\n  The natural gas producer's shares last closed at C$21.67, down 32% so far in 2025. \n\n\n \n\n\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 02, 2025 07:22 ET (11:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}