Paramount Resources Ltd. will redeem about $286.58 million of outstanding 7.625% senior unsecured notes due 2019 on Dec. 19 of this year, the company said Nov. 17.
The redemption price will be 102.542% of the principal amount of the redeemed notes. Paramount Resources will pay the aggregate redemption price plus accrued and unpaid interest on the notes t with cash on hand.
Canada-based Paramount Resources Ltd. delivered the redemption notice on Nov. 17.
Anadarko Petroleum, which is the target of a bidding war between Occidental Petroleum and Chevron, beat analysts' estimates for quarterly profit fueled by higher sales volume and lower costs.
Exxon Mobil and Chevron are expected to report lower quarterly earnings per share when compared with last year, though both are in the midst of aggressive expansion plans in shale oil.
Occidental Petroleum CEO Vicki Hollub has again grabbed the spotlight, as the oil and gas industry trailblazer squares off in a bidding war for Anadarko Petroleum against oil major Chevron.