Transformed in Jan 2025 by closing a ~C$3.3bn sale of its Grande Prairie assets (Karr, Wapiti, Zama) to Ovintiv and others, returning ~C$2.15bn via a C$15/share special distribution and moving to a net-cash position; now a focused liquids-rich Montney/Duvernay pure-play.
Remaining core is Willesden Green Duvernay (~26 mboe/d Q4'25), Kaybob Duvernay + Montney (~20 mboe/d) and the newly sanctioned Sinclair Montney (Q4'27 startup); 2026 guidance raised to 46-51 mboe/d (~50% liquids). Deep proved-plus-probable inventory (~522 mmboe, ~40yr RLI) makes it an attractive Montney consolidation target.
Its EV/EBITDA of 10.0x is above the 5.9x median across the 142-company universe, the free-cash-flow yield of -9.7% is lower than the 6.5% median, and at $12.05/boe of proved reserves it is cheaper than the $13.51/boe median.
On a balanced screen across the universe, Paramount Resources Ltd. scores 49/100, strongest on safety (84/100). Sub-scores: value 40, quality 45, growth 6, risk 16 (higher = riskier).
Paramount Resources Ltd. holds approximately 0.2 billion boe of proved (1P) reserves with FY2025 production of about 42 thousand boe/d (48% liquids), a reserve life of roughly 13.0 years. Break-even: ~$45 (WTI FCF breakeven) — Liquids-rich Montney/Duvernay economics; ~48-53% liquids weighting supports sub-$50 WTI sustaining breakeven, though heavy 2025-27 growth capex (Sinclair Montney, Alhambra plant) pushes near-term free cash flow negative.
For Paramount Resources Ltd., no SEC standardized measure is disclosed (non-US filer or listed NOC), so a public-source proved-NAV floor is not computable from US filings. See the interactive screener's NAV tab for peers where an SEC figure exists.
| Country / region | Prod. share | Country risk | Key jurisdiction risk |
|---|---|---|---|
| Canada | 100% | 8 | Stable; pipeline egress constraints, oil-sands emissions policy. |
Enerquill Advisory provides asset valuation, petroleum fiscal modelling and risk analysis for oil, gas and LNG transactions — including bespoke, deal-specific NAV and acquirer–target screens that go well beyond this public data.
Work with us →About Enerquill| Asset | Location | Type | Notes |
|---|---|---|---|
| Willesden Green Duvernay | Canada | Duvernay oil | Core liquids-rich play; ~26 mboe/d Q4'25; ~320k net acres |
| Kaybob Duvernay | Canada | Duvernay | ~20 mboe/d Q4'25; ~110k net Duvernay acres |
| Kaybob Montney | Canada | Montney | ~180k net acres of liquids-rich Montney upside |
| Sinclair Montney | Canada | Montney (growth) | Sanctioned Q4'25; ~140k acres; targeting Q4'27 startup |
| Alhambra Plant | Canada | Infrastructure | Phase 1 operational Jul 2025; owned processing capacity |
| Grande Prairie (Karr/Wapiti/Zama) | Canada | Divested | Sold to Ovintiv/others Jan 2025 for ~C$3.3bn |
| NuVista Energy stake | Canada | Divested | Equity investment monetized for ~C$519M in 2025 |
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Production (mboe/d) | 62 | 91 | 97 | 104 | 42 |
| Proved reserves (bnboe) | 0.33 | 0.36 | 0.38 | 0.35 | 0.20 |
| Revenue ($bn) | 0.7 | 1.2 | 0.9 | 1.1 | 0.5 |
| EBITDA ($bn) | 0.4 | 0.8 | 0.6 | 0.6 | 0.2 |
| Net income ($bn) | 0.3 | 0.5 | 0.3 | 0.2 | 0.9 |
| Free cash flow ($bn) | 0.1 | 0.3 | 0.0 | -0.1 | -0.3 |
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✓ FY2025 figures verified against primary sources: