Paramount Resources Ltd.: Update following ratings under review for downgrade
Our credit view of this issuer reflects its exposure to AECO differentials, historical negative free cash flow and limited track record of sustaining production growth.Paramount Resources is a Canadian energy company engaged in the exploration, development, production, processing, transportation and marketing of natural gas, curde oil & natural gas liquids. Co.'s principal properties are located in Alberta, the Northwest Territories, British Columbia, and Saskatchewan in Canada, and in North Dakota and Montana in the United States.
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