Paramount Resources Ltd T.POU

Yea I’m buying.

[Raymondjames]

Can't wait for rustic to say he shorted it .. blah blah

[Raymondjames]

Where are you Delvsome?

[dselvonm]

Still holding.....

[Vince64]

Ditto. Was going to purchase more today, but did not. Brutal. Didnt think we would see below $30.

[Raymondjames]

Right across the board. 

[Vince64]

Hopefully POU purchased their maximum daily NCIB allowance today, and will continue to do so in the coming days/weeks. The volume may suggest same. A question for Raymondjames, how will this most recent NCIB affect regular/potential special dividends in the near term? Clearly the POU share price is disconnected/undervalued, as of today. Thanks.

[Raymondjames]

I think Specials will be deferred to the end of q3. Given the recent whitecap purchase of xto, I'm thinking pou may also be on the hunt for a small  tuck-in but no idea what ...   We will be awash in $$$ in the second half and next year. 

[Raymondjames]

The regular dividend will remain and, I hope, bumped higher but we are cheap right now. I think buying back here may be the highest best use of cash notwithstanding I want higher divvy. 

[Vince64]

Agreed. Thank you Raymondjames.

[Vince64]

I am also at sea Raymondjames. Isn't WTI currently hovering around $110 USD? Risk off or not, still mind boggling. Looking to add to my vintage car collection by July/August 2023. I will bide my time and continue to accumulate cheap POU shares. It is both fortunate, and unfortunate, that companies (in our context) have to announce regular/specials dividends for those holding shares by a

[Vince64]

Any of many 1960's Jaguar E- type models. Solid.

[Canstamps53]

Had a '63 E-type roadster when I was younger.....was a lot of fun but still loved my '65 Healey 3000 Mk3 the best...

[Vince64]

Very nice, on both!

[Vince64]

I am hopeful that those of us still holding and staying the course will be rewarded in the next 3 to 6 months.

[Raymondjames]

I bought January 2023s and 2024s. Also march 2023.  Looks expensive now but oh baby...

[RusticHit]

Hahahahahahaaaa  Ray taking on chin Bravely as i told you  i was short at Top correction was to happen as always ,,was in Calgary  Area for couple of weeks likes the city  Very Open and wide  Cheap to Live there with Less taxes cheap houses but Down town is still Dead  as far Energy trade i think it is over .

[Raymondjames]

Rusty - I'm going to own 5% soon 

[dselvonm]

Good thing your're buying, you'll have some low prices today. I predict at least a two dollar drop.

[RookieReturns]

My question is when will the decline stop and turn around again?

[dselvonm]

3-4 trading days before earnings.

[RusticHit]

down 5% more than any other O&G  index is down 2% not looking Good .

[Raymondjames]

Sell sell sell. 

[dselvonm]

Earnings Tues Aug 2nd before open.

[Barnbeezeeeeee]

Will there be a divvy increase ??

[Raymondjames]

Q3 for sure 

[dselvonm]

Under 25 today...

[Raymondjames]

Sell 

[RusticHit]

Yup 18-20 when oil drops to 90

[RookieReturns]

So Rustic, you're saying that POU is worth less now in July than when oil was previously trading at $90 in January? January of this year had POU prices around $24-26, how have the fundamentals changed to lead you to devalue the stock by an additional 20-25% from that previous value at $90 WTI? I don't follow, please help me out. 

[Raymondjames]

I know there are doubters about my buying more but check out March 2023, June 2023 and January 2024.

[Raymondjames]

Pou is a $50. Don't give a rats behind what the fast money does. Keep selling.  I'm buying. $1.20 divvy and going higher in q3 or q2 givens the current macroeconomic environment.  Who would want to take on debt to take out another company? Stay the course and keep giving me cash. Screw those who don't want a piece of this gem.  Rusty - don't worry about me. I'm

[dselvonm]

Make money on the downside...if you are so confident you would not need to hedge your bets.

[Raymondjames]

I'm confident but the market is filled with idiots. If someone want to pay me $4.60 for a January $50c ... what can you do. 

[RusticHit]

if you are really 4-5% holder here that is hard to believe what you are doing here with traders  ,screen shot  the truth otherwise you are just normal trader or bag holder ,,,,,,

[Raymondjames]

Rusty - bet? Put some of your money where your mouth is?

[Raymondjames]

Ps - how many shares of pou do you have -1000? 10000? 100000+? 

[Raymondjames]

Rusty - I'm a betting man. Come on crocodile arms. 

[RusticHit]

Rookie its all about Sentiments of Market and stocks tahts how Boom and  Bust happens Oil stocks were high flyers for long time but now they are in Dump mode more over Pou is dog now look at today down again when others are Green ,sentiment could change close to earnings which is abt two weeks left but don,t expect these stocks to go to highs again 

[Raymondjames]

Rusty - you never learn 

[Raymondjames]

Earnings in August so 3 weeks.