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 Robertboblawon Jul 30, 2020 7:52pm

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Post# 31347121

RE:RE:25 year of 80,000 boe production

My money is on $15 to $20 a share but will have to wait 2 to 3 years for this to take shape. Oil prices are going nowhere from $40 here for the next while...the glut of cheap oil in the market in Saudi and Russia and elsewhere is keeping oil prices from going back to $60 and $70 a barrel. But once that oil is used up and it WILL be in the next few years, oil will home roaring back and with it POU will see a return to its 2018 levels...their balance sheet should be in good shape to weather this in the meantime... IMO

Bullboard Posts

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