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Paramount Resources distributes Akita shares after selling drilling division, plans to double production by 2027

Company Fundamentals
24 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Paramount Resources sold its drilling division in an all-stock deal and is distributing Akita shares to its shareholders, valued at about $0.20 per share. This move continues the company's tradition of rewarding shareholders with special distributions. Paramount expects to more than double its production by 2027, supported by faster project execution and favorable commodity prices. The stock has recovered to levels seen before the 2025 distribution, indicating it may be undervalued and that production is effectively being restored.

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