Paramount Resources (POU) has notable insider buying

Paramount Resources (T:POU)

Clayton H. Riddell, a Senior Officer, Director and 10% Holder executive, acquired 100 Common Shares Class A on a direct ownership basis at a price of $18.399 through the public market on December 7th, 2017. The insider also acquired 24,400 Common Shares Class A on an indirect ownership basis for registered holder Managed Account at a price of $18.399 through the public market on December 7th, 2017. The insider also acquired 500 Common Shares Class A on an indirect ownership basis for registered holder Trust Accounts at a price of $18.399 through the public market on December 7th, 2017. This represents a $459,978 investment into the company's shares and an account share holdings change of 22.1%.

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.