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Paramount Resources Ltd T.POU

Alternate Symbol(s):  PRMRF

Energy Oil & Gas E&P
Paramount Resources Ltd. is a Canada-based energy company. The Company explores and develops both conventional and unconventional petroleum and natural gas. It also pursues longer-term strategic exploration and pre-development plays and holds a portfolio of investments in other entities. Its principal properties are located in Alberta and British Columbia. The Company's operations are organized into three regions: the Grande Prairie Region, located in the Peace River Arch area of Alberta, which is focused on Montney developments at Karr and Wapiti; the Kaybob Region, located in west-central Alberta, which includes the Kaybob North Duvernay development, the Kaybob North Montney oil development and other shale gas and conventional natural gas producing properties, and the Central Alberta and Other Region, which includes the Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia.


TSX:POU - Post by User

Paramount Resources Ltd
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Comment by briliantpebbleson Aug 19, 2018 1:01pm
39 Views
Post# 28483821

RE:RE:RE:BIR is not Investable IMHO (In My Humble Opinion)

RE:RE:RE:BIR is not Investable IMHO (In My Humble Opinion)yes paramount knows all about debt....

MyHoneyPot wrote:
The preferred shares are convertable to equity in certain circumstances, so i consider them equity with a higher cost. In fact for a while i did own the perferred side of BIR until the perferred share value came up to the cash value of 25 dollars per share.

However I lead the charge getting out of BIR and their main share holder followed me.  

So more to the point, the perferred shares are ultimately dilutative to the share holder base. They carry a high cost to service, significantly higher than bank debt. It is effectively a good way to prop up an balance sheet, it is really nother other than another form of Tier2 debt.  

IMHO


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities