Paramount Resources to Renew Buyback Program for 10% of Public Float

By Adriano MarcheseParamount Resources will renew its buyback program to repurchase up to 10% of its shares over the course of a year.The Canadian energy company said the Toronto Stock Exchange has approved its plan to renew a normal course issuer bid to buy back up to 7.7 million shares.Shares hav…

By Adriano Marchese

Paramount Resources will renew its buyback program to repurchase up to 10% of its shares over the course of a year.

The Canadian energy company said the Toronto Stock Exchange has approved its plan to renew a normal course issuer bid to buy back up to 7.7 million shares.

Shares have been higher in 2026, rising about 13% since the year began and closed on Thursday at 27.25 Canadian dollars ($19.21).

At that price, the value of the block of shares intended for buyback would be worth about C$210.1 million.

Paramount can begin buying back its shares starting on July 8.

Write to Adriano Marchese at adriano.marchese@wsj.com