03:42 PM EST - Paramount Resources Ltd. : announced the reorganization of all of the Company's oil sands and carbonate bitumen interests into a new wholly-owned subsidiary, Pixar Petroleum Corp. The reorganization is being undertaken to create a focused, self-funding oil sands entity in order to accelerate the development of Paramount's bitumen interests. Paramount Resources Ltd.
shares T.POU are trading up $1.65 at $38.89.
