Paramount Resources Management

Management criteria checks 4/4

Paramount Resources' CEO is Jim Riddell, appointed in Jun 2002, has a tenure of 21.83 years. total yearly compensation is CA$4.08M, comprised of 10.3% salary and 89.7% bonuses, including company stock and options. directly owns 0.57% of the company’s shares, worth €18.13M. The average tenure of the management team and the board of directors is 6.4 years and 9.5 years respectively.

Key information

Jim Riddell

Chief executive officer

CA$4.1m

Total compensation

CEO salary percentage	10.3%
CEO tenure	21.8yrs
CEO ownership	0.6%
Management average tenure	6.4yrs
Board average tenure	9.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jim Riddell's remuneration changed compared to Paramount Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$4m	CA$419k	CA$470m
Sep 30 2023	n/a	n/a	CA$618m
Jun 30 2023	n/a	n/a	CA$753m
Mar 31 2023	n/a	n/a	CA$861m
Dec 31 2022	CA$5m	CA$404k	CA$681m
Sep 30 2022	n/a	n/a	CA$522m
Jun 30 2022	n/a	n/a	CA$593m
Mar 31 2022	n/a	n/a	CA$336m
Dec 31 2021	CA$2m	CA$369k	CA$237m
Sep 30 2021	n/a	n/a	CA$447m
Jun 30 2021	n/a	n/a	CA$131m
Mar 31 2021	n/a	n/a	CA$130m
Dec 31 2020	CA$820k	CA$349k	-CA$23m
Sep 30 2020	n/a	n/a	-CA$365m
Jun 30 2020	n/a	n/a	-CA$201m
Mar 31 2020	n/a	n/a	-CA$246m
Dec 31 2019	CA$2m	CA$411k	-CA$88m
Sep 30 2019	n/a	n/a	-CA$227m
Jun 30 2019	n/a	n/a	-CA$381m
Mar 31 2019	n/a	n/a	-CA$379m
Dec 31 2018	CA$2m	CA$411k	-CA$367m
Sep 30 2018	n/a	n/a	-CA$149m
Jun 30 2018	n/a	n/a	CA$87m
Mar 31 2018	n/a	n/a	CA$252m
Dec 31 2017	CA$4m	CA$403k	CA$337m

Compensation vs Market: Jim's total compensation ($USD2.98M) is about average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.

CEO

Jim Riddell (56 yo)

21.8yrs

Tenure

CA$4,076,758

Compensation

Mr. James H. T. Riddell, also known as Jim, BSc, MSc (Geology), has been the Chairman at Paramount Resources Ltd. since November 2018 and serves as its Chief Executive Officer since May 2015. He is Preside...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James H. Riddell	Chairman	21.8yrs	CA$4.08m	0.57% CA$ 18.1m
Paul Kinvig	Chief Financial Officer	4.1yrs	CA$1.24m	0.079% CA$ 2.5m
David Reid	Executive Vice President of Operations	6.4yrs	CA$1.15m	0.022% CA$ 691.4k
Rodrigo Sousa	Executive Vice President of Corporate Development & Planning	6.3yrs	CA$1.74m	0.18% CA$ 5.7m
Garth W. Stotts	Executive Vice President of Development & Reserves	no data	CA$1.09m	0.027% CA$ 849.1k
Mark Franko	General Counsel & Corporate Secretary	2.5yrs	no data	0.022% CA$ 702.2k
Phillip Tahmazian	Vice President of Midstream & Marketing	6.4yrs	no data	0.0058% CA$ 184.7k
Bernard Lee	Executive Vice President of Finance	no data	CA$867.27k	0.29% CA$ 9.2m
John Williams	Executive Vice President of Kaybob Region	6.6yrs	CA$564.82k	0.070% CA$ 2.2m

6.4yrs

Average Tenure

Experienced Management: PQ51's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James H. Riddell	Chairman	24.3yrs	CA$4.08m	0.57% CA$ 18.1m
Wilfred Gobert	Independent Director	6.6yrs	CA$221.47k	0.049% CA$ 1.6m
Dirk Jungé	Independent Director	24.3yrs	CA$229.85k	0.037% CA$ 1.2m
Susan L. Rose	Non-Independent Director	24.3yrs	CA$214.85k	0.032% CA$ 1.0m
Roderick MacLeod	Lead Independent Director	6.6yrs	CA$239.85k	0.059% CA$ 1.9m
Kim Lynch Proctor	Independent Director	2.9yrs	CA$224.85k	0.022% CA$ 710.1k
James Geral Bell	Independent Director	12.4yrs	CA$224.85k	0.036% CA$ 1.1m
Jill McAuley	Independent Director	less than a year	CA$300.96k	0.0067% CA$ 214.6k

9.5yrs

Average Tenure

58yo

Average Age

Experienced Board: PQ51's board of directors are considered experienced (9.5 years average tenure).

Paramount Resources Management

Management criteria checks 4/4

Key information

Recent management updates

Executive Vice President of Finance recently sold €819k worth of stock

Paramount Resources Ltd., Annual General Meeting, May 02, 2024

Executive Vice President of Finance recently sold €925k worth of stock

Paramount Resources Ltd Announces Appointment of Directors

Insider recently sold €218k worth of stock

Insider recently sold €781k worth of stock

Recent updates

Executive Vice President of Finance recently sold €819k worth of stock

Dividend of CA$0.13 announced

Paramount Resources Ltd. Declares Cash Dividend, Payable on April 30, 2024

Dividend of CA$0.13 announced

Full year 2023 earnings released: EPS: CA$3.29 (vs CA$4.83 in FY 2022)

Paramount Resources Ltd. Revises Production Guidance for the First Half, Second Half and Full Year 2024

Paramount Resources Ltd., Annual General Meeting, May 02, 2024

Upcoming dividend of CA$0.13 per share at 6.0% yield

Dividend of CA$0.13 announced

Paramount Resources Ltd. Declares Dividend, Payable on February 29, 2024

Paramount Resources Ltd. Provides Earnings Guidance for the Fourth Quarter of 2023

Paramount Resources Ltd. Announces January Dividend, Payable on January 31, 2024

Apache Corporation and Paramount Resources Ltd Announces Settlement Approval in Apache Canada Employee Awards Class Action

Paramount Resources Ltd. Declares December Cash Dividend, Payable on December 29, 2023

Upcoming dividend of CA$0.13 per share at 4.8% yield

Paramount Resources Ltd. Provides Sales Guidance for the Fourth Quarter 2023 and Full Year 2024

Third quarter 2023 earnings released: EPS: CA$0.61 (vs CA$1.57 in 3Q 2022)

Paramount Resources Ltd. Declares October Cash Dividend, Payable on October 31, 2023

Executive Vice President of Finance recently sold €925k worth of stock

Paramount Resources Ltd. Declares September Dividend, Payable on September 29, 2023

Paramount Resources Ltd. Provides Sales Guidance for the Year 2023 and 2024

Paramount Resources Ltd. Declares Cash Dividend for July 2023, Payable on July 31, 2023

Paramount Resources Ltd Announces Appointment of Directors

Paramount Resources Ltd. Announces Cash Dividend, Payable on June 30, 2023

Paramount Resources Ltd. Restores Majority of Production That Had Been Temporarily Curtailed as a Result of the Alberta Wildfires

Paramount Resources Ltd. Provides Further Alberta Wildfire Update

Paramount Resources Ltd. Advises of Impact of Alberta Wildfires

Paramount Resources Ltd. Provides Sales Guidance for the First Half of 2023, Second Half of 2023, Full-Year 2023 and 2024

First quarter 2023 earnings released: EPS: CA$1.39 (vs CA$0.12 in 1Q 2022)

Insider recently sold €218k worth of stock

Insider recently sold €781k worth of stock

Executive Vice President of Operations recently sold €339k worth of stock

Full year 2022 earnings released: EPS: CA$4.83 (vs CA$1.77 in FY 2021)

Now 20% undervalued after recent price drop

Paramount Resources Ltd., Annual General Meeting, May 03, 2023

Upcoming dividend of CA$0.13 per share at 5.1% yield

Paramount Resources Ltd. Declares Cash Dividend for the Month of February 2023, Payable on February 28, 2023

Investor sentiment improved over the past week

Crescent Point Energy Corp. (TSX:CPG) acquired Additional Kaybob Duvernay assets from Paramount Resources Ltd. (TSX:POU). for CAD 370 million.

Press Release: Paramount Resources Ltd. Announces January Dividend, Payable on January 31, 2023

Executive Vice President of Finance recently bought €103k worth of stock

Paramount Resources Ltd. Declares Special Dividend

Paramount Resources Ltd. Announces Dividend for the Month of December 2022, Payable on December 30, 2022

KKR Reportedly Looks to Sell Westbrick

Insufficient new directors

Upcoming dividend of CA$0.13 per share

Third quarter 2022 earnings released: EPS: CA$1.57 (vs CA$2.20 in 3Q 2021)

Paramount Resources Ltd. Approves Monthly Dividend, Payable on November 30, 2022

Upcoming dividend of CA$0.10 per share

Paramount Resources Ltd. Declares Cash Dividend for the October 2022, Payable on October 31, 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of CA$0.10 per share

Paramount Resources Ltd. (TSX:POU) completed the acquisition of Additional Duvernay Lands.

Second quarter 2022 earnings released: EPS: CA$1.29 (vs CA$0.56 loss in 2Q 2021)

An unknown buyer entered into a definitive agreement to acquire Non-core Infrastructure Assets from Paramount Resources Ltd. (TSX:POU) for CAD 63 million.

Paramount Resources Ltd. Declares Cash Dividend for July 2022, Payable on July 29, 2022

Executive Vice President of Finance recently bought €678k worth of stock

Investor sentiment deteriorated over the past week

Vice President of Midstream & Marketing recently sold €241k worth of stock

Upcoming dividend of CA$0.10 per share

Paramount Resources Ltd. Announces June Dividend, Payable on June 30, 2022

Insider recently sold €180k worth of stock

First quarter 2022 earnings released: EPS: CA$0.12 (vs CA$0.62 loss in 1Q 2021)

Paramount Resources Ltd. Announces Monthly Dividend, Payable on May 31, 2022

Insufficient new directors

Independent Director recently sold €70k worth of stock

Executive Vice President of Finance recently sold €230k worth of stock

Paramount Resources Ltd. Announces April Dividend, Payable on April 29, 2022

Investor sentiment improved over the past week