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Paramount Resources Ltd T.POU

Alternate Symbol(s):  PRMRF

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

Comment by Robertboblawon Sep 13, 2020 1:07am
136 Views
Post# 31549372

RE:RE:RE:Keep buying

RE:RE:RE:Keep buying Just looking at the 20 year trend on oil prices seems to indicate lower highs and lower lows especially since the highs of the early 2010s. North America is now awash with cheap oil and gas due to fracking which really emerged in the last 15 to 20 years. OPEC is likely REALLY awash with even cheaper and more plentiful oil ( just my belief) which could be only exacerbating north America's price problems. Who really knows but companies like pou who were perched atop the oil industry in Canada 5 to 10 years ago are no longer retaining the same value. They shot themselves in the foot turning the taps on when prices skyrocketed in 2014. They came back from that collapse but only because oil prices came back to $65+. Still, so long as prices hold up at ~$40 range for the next year or So, they should be ok. Maybe in a couple years time, the oil will have run out of cheap oil, as other posters here have been saying... JMHO
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