Paramount Resources (POU) has notable insider buying

Paramount Resources (T:POU)

Paramount Resources Ltd. (POU) has a high amount of executive buying compared to its mid-cap peers over the past three months. Clayton H. Riddell, CEO, Director and 10% Holder executive, acquired 1,000 Common Shares Class A on an indirect ownership basis for registered holder Managed Account at a price of $18.683 through the public market on July 12th, 2017. The insider also acquired 97,000 Common Shares Class A on an indirect ownership basis for registered holder Riddell Family Charitable Foundation at a price of $18.683 through the public market on July 12th, 2017. The insider also acquired 2,000 Common Shares Class A on an indirect ownership basis for registered holder Trust Accounts at a price of $18.683 through the public market on July 12th, 2017. This represents a $1,868,290 investment into the company's shares and an account share holdings change of greater than 100%.

Paramount Resources Ltd. is an energy company. The Company explores and develops unconventional and conventional petroleum and natural gas prospects, including long-term unconventional exploration and pre-development projects, and holds a portfolio of investments in other entities. The Company's segments include Principal Properties, Strategic Investments and Corporate. The Principal Properties segment includes the Company's Corporate Operating Units (COUs), which are involved in the exploration, development, production and marketing of natural gas, natural gas liquids and crude oil. The Strategic investments include investments in other entities; investments in exploration and development stage assets, including oil sands and carbonate bitumen interests, and prospective shale gas acreage in the Liard and Horn River Basin, and drilling rigs owned by its subsidiary, Fox Drilling Limited Partnership (Fox Drilling). Fox Drilling owns seven triple-sized rigs.