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Paramount Resources: Proceeding From Very Profitable To Embarrassingly Profitable
Seeking Alpha· 2024-08-04 09:00
Jeremy Poland When it comes time for Paramount Resources (OTCPK:PRMRF) (TSX:POU:CA) to rake in the money, this company needs a very big rake. If things keep going the way they are now, the company may need two in the future. This is a company that acquired Apache Canada and has turned those leases into a moneymaker at a level that few companies can compare to. The reason is that this formerly dry gas producer has now focused on rich gas, where the "rich" part is very high-value condensate. The dividend was ...
Paramount Global Declares Quarterly Cash Dividend
Prnewswire· 2024-08-01 20:15
NEW YORK, Aug. 1, 2024 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on both its Class A and Class B Common Stock. The dividend will be payable on October 1, 2024, to stockholders of record at the close of business on September 16, 2024. PARA-IR About Paramount Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming and entertainment company that creates premium content and expe ...
Paramount (PGRE) - 2024 Q2 - Quarterly Results
2024-07-31 20:36
SUPPLEMENTAL OPERATING STA AND FINANCIAL DATA For the quarter ended June 30, 2024 and and the seen of the seen of the seen of the seen of the seen of the seen of the seen of the seen of the seen of the seen of the seen of the seen and A START A LEAD A START A BEA A STATE A STATE A STATE A BE stress of the seen the STATE STEREAL PARAMOUNT GROUP TATA Exhibit 99.2 FORWARD-LOOKING STATEMENTS This supplemental information contains forward-looking statements within the meaning of the federal securities laws. You ...
Paramount (PGRE) - 2024 Q2 - Quarterly Report
2024-07-31 20:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-36746 PARAMOUNT GROUP, INC. (Exact name of registrant as specified in its ch ...
Paramount Global receives all-cash competing bid of up to $43B from Apex Capital
New York Post· 2024-07-31 16:52
Apex Capital Trust has submitted a competing offer to acquire Paramount Global in an all-cash deal for up to $43 billion, the investment firm said Wednesday. Paramount has a 45-day "go-shop" period following the merger agreement with David Ellison's Skydance Media, during which it can receive another deal. Paramount and National Amusements did not immediately respond to Reuters requests for comment. Paramount has a 45-day "go-shop" period following the merger agreement with David Ellison's Skydance Media, d ...
Paramount shares rise on Apex Capital Trust acquisition bid
Proactiveinvestors NA· 2024-07-31 15:18
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
PGRE or CDP: Which Is the Better Value Stock Right Now?
ZACKS· 2024-07-26 16:45
PGRE currently has a forward P/E ratio of 6.58, while CDP has a forward P/E of 10.89. We also note that PGRE has a PEG ratio of 0.25. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CDP currently has a PEG ratio of 2.66. Another notable valuation metric for PGRE is its P/B ratio of 0.27. Investors use the P/B ratio to look at a stock's market value versus its book value, which is d ...
Paramount shareholder sues to block Shari Redstone's deal with Skydance
New York Post· 2024-07-25 16:55
A Paramount Global investor has sued to block its merger with Skydance Media, saying the deal would cost its shareholders $1.65 billion, according to a lawsuit filed in Delaware's Chancery Court on Wednesday. The lawsuit, filed by Scott Baker, claims the merger's primary purpose is to cash out media mogul Shari Redstone's investment in Paramount at a substantial premium, while other stockholders will receive a significantly lower payout. Ellison's Skydance Media bagged a deal to acquire Paramount early in J ...
Is Paramount Group (PGRE) Stock Undervalued Right Now?
ZACKS· 2024-07-23 14:45
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. These are only a few of the key metrics included in Paramount Group's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of i ...
Mario Gabelli's next move could be a lawsuit as he probes Paramount's Skydance merger: sources
New York Post· 2024-07-18 19:48
As a reporter who has covered the M&A business for decades, I'm always hesitant to report such lawsuits as "big news." Often, they're more like ambulance chasing litigation filed by disgruntled fringe investors. The question is whether Mario Gabelli will file a shareholder lawsuit to stop the Skydance-RedBird buyout team's purchase of the storied owner of Paramount Studios and CBS and extract a better deal for him and his clients. Jack Forbes "I just want full disclosure and I'm asking for information on ho ...