Garth Stotts - Paramount Resources Executive Reserves

POU Stock  CAD 31.17  0.32  1.04%   

Executive

Garth Stotts is Executive Reserves of Paramount Resources
Address 888 ? 3rd Street SW, Calgary, AB, Canada, T2P 5C5
Phone403 290 3600
Webhttps://www.paramountres.com

Paramount Resources Management Efficiency

The company has return on total asset (ROA) of 0.0573 % which means that it generated a profit of $0.0573 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.102 %, meaning that it generated $0.102 on every $100 dollars invested by stockholders. Paramount Resources' management efficiency ratios could be used to measure how well Paramount Resources manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of November 2024, Return On Tangible Assets is likely to grow to 0.11. Also, Return On Capital Employed is likely to grow to 0.22. At this time, Paramount Resources' Total Assets are very stable compared to the past year. As of the 22nd of November 2024, Non Current Assets Total is likely to grow to about 4.4 B, while Total Current Assets are likely to drop about 172.7 M.
Paramount Resources has accumulated 29.2 M in total debt with debt to equity ratio (D/E) of 0.47, which is about average as compared to similar companies. Paramount Resources has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Paramount Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Paramount Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Paramount Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Paramount to invest in growth at high rates of return. When we think about Paramount Resources' use of debt, we should always consider it together with cash and equity.

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Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Paramount Resources Ltd. was founded in 1976 and is based in Calgary, Canada. PARAMOUNT RESOURCES operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 559 people. Paramount Resources (POU) is traded on Toronto Exchange in Canada and employs 579 people. Paramount Resources is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Paramount Resources Leadership Team

Elected by the shareholders, the Paramount Resources' board of directors comprises two types of representatives: Paramount Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Paramount. The board's role is to monitor Paramount Resources' management team and ensure that shareholders' interests are well served. Paramount Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Paramount Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Bernard Lee, Chief Financial Officer, Executive Vice President - Finance
James Bell, Chief Operating Officer
Rodrigo Sousa, Vice President - Corporate Development and Planning
John Gorman, Independent Director
Dirk Junge, Independent Director
Phillip Tahmazian, Vice Marketing
John Roy, Lead Independent Director
Garth Stotts, Executive Reserves
Susan Rose, Non-Independent Director
John Williams, Executive Vice President - Kaybob Region
Keith Macleod, Lead Independent Director
David Reid, Executive Operations
Robert MacDonald, Independent Director
CFA BCom, Executive Planning
Paul Kinvig, Chief Financial Officer
Mark Franko, General Secretary
William Roach, Chief Pixar
BCom CFA, Exec Planning
Wilfred Gobert, Independent Director
D Reid, Executive Vice President - Operations
LLM LLB, G Land
James Riddell, Chairman of the Board, President, Chief Executive Officer
Mitchell Shier, Vice President - Land, General Counsel, Corporate Secretary

Paramount Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Paramount Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Paramount Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Paramount Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Paramount Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Paramount Stock

  0.71ENS-PA E Split CorpPairCorr

Moving against Paramount Stock

  0.36SAGE Sage Potash CorpPairCorr
The ability to find closely correlated positions to Paramount Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paramount Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Paramount Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Paramount Resources to buy it.
The correlation of Paramount Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Paramount Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Paramount Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Paramount Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Paramount Stock

Paramount Resources financial ratios help investors to determine whether Paramount Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Paramount with respect to the benefits of owning Paramount Resources security.