11:15 AM EDT, 03/11/2024 (MT Newswires) -- RBC Capital Markets said Monday that it reduced its estimates for Paramount Resources Ltd. ( PRMRF ) in 2024 and 2025 following the company's volume reduction this year.

RBC trimmed its cash flow per share estimates for Paramount by 20% in 2024 and 12% by 2025.

While Paramount's results in the fourth quarter of 2023 largely aligned with forecasts, RBC said they were overshadowed by a reduction to 2024 volumes as shut-ins, well performance, a small asset sale and other factors weighed in.

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