StocksMedium•9 November 2026•
1 min read
Paramount Resources Sells Kaybob Assets for C$300M to Fund Growth Projects
Key Facts
1Paramount Resources is selling its Kaybob interests for C$300 million, comprising C$198 million in cash and a 49% stake in Outwest.
2The transaction will trigger a pretax loss exceeding C$500 million in the company's Q3 results.
3Sale proceeds will be used to fully fund the Sinclair project and accelerate the Alhambra Plant expansion by one year.
Paramount Resources is selling its Kaybob interests for C$300 million, Seeking Alpha reported. The transaction consists of C$198 million in cash and a 49% equity stake in Outwest, as the company seeks to raise liquidity for its capital-intensive growth initiatives.
The divestment will trigger a pretax loss exceeding C$500 million in the company's third-quarter results, though proceeds are earmarked to fully fund the Sinclair project and accelerate the Alhambra Plant expansion by one year. Regarding related market activity, SBGI closed at $13.68 on November 6, 2026, having traded between a low of $13.35 and a high of $14.06 during that session.