Pardee Res Co Stock Price, News & Analysis

Pardee Resources Company (OTC: PDER) has announced the conclusion of its marketing initiative for approximately 47,000 acres of hardwood timberland in central and southern West Virginia without completing a sale. The company received multiple offers for the timber properties but deemed none of them acceptable.

President and CEO Carleton P. Erdman stated that the company will continue to manage these properties for shareholder benefit. The decision comes after a strategic review of the potential sale opportunities, with the company ultimately choosing to maintain ownership of these significant timber assets.

Pardee Resources Company (OTC: PDER) has announced the completion of a significant divestment, selling approximately 8,800 acres of oil and gas interests in Elk and Cameron Counties, Pennsylvania for $10 million. The divested assets, which were originally acquired over a century ago, were non-revenue producing and considered non-strategic to the company's operations, according to President and CEO Carleton P. Erdman.

Pardee Resources Company (OTC: PDER) has announced the publication of its 2024 Annual Report, which is now available for review on the OTC Markets website. The company plans to distribute the report to shareholders through both electronic means and U.S. Mail in the near future.

The announcement includes standard forward-looking statements disclaimers, noting that while the company makes judgments and has future expectations about its business, actual results may differ materially due to various risks, uncertainties, and economic conditions.

Pardee Resources Company (OTC: PDER) has announced the posting of a regular shareholder communication on the OTC Markets website. The company will distribute this communication to shareholders both electronically and via U.S. Mail in the coming days.

The announcement includes standard forward-looking statements disclaimers, noting that while these statements represent current judgments and expectations about their business, actual results may differ materially due to various risks, uncertainties, and economic conditions.

Pardee Resources Company (OTC: PDER) has announced a special year-end dividend of $25.00 per share. The dividend will be paid on December 19, 2024, to shareholders of record as of December 16, 2024. This special dividend is separate from and additional to the company's regular quarterly dividend payments.

Pardee Resources Company (OTC: PDER) has released its third quarter report, now available on the OTC Markets website. The company will also distribute the report to shareholders both electronically and via U.S. Mail in the coming days. The report includes both historical data and forward-looking statements regarding future events and results.

Pardee Resources Company (OTC: PDER) announced changes to its shareholder communication procedures starting with Q3 2024 Report. The company will first post notices, financial reports, and other materials on the OTC Markets website, followed by email and U.S. Mail distribution. Quarterly financial reports will be posted during the first week of May, August, and November, while annual reports will be available mid-April. The company will issue press releases when reports are posted on the OTC website.

Pardee Resources Company (OTC: PDER) announced plans to market approximately 47,000 acres of hardwood timberland in central and southern West Virginia, representing 30% of its timberland holdings. This move aims to rebalance the company's natural resource portfolio. There is no guarantee of receiving a satisfactory proposal or completing a sale on favorable terms. Pardee has not set a timetable for this initiative and will provide further updates only if deemed necessary. The statements in the press release include both historical information and forward-looking statements about future events and results.