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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 > How low can it go?
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Comment by energeeon Sep 21, 2020 11:28am
114 Views
Post# 31591151

RE:RE:RE:How low can it go?

RE:RE:RE:How low can it go?Potential view on value using their September 14, 2020 Corporate Presentation numbers:
  • 1P reserves of 335 MMboe valued at $5 boe in the ground = $1.675B less net debt of $0.81B = $.865B / 132MM shares = $6.55 share
  • Forecast production of 65,000 boepd X $20K boepd = $1.3B less net debt of $0.81B =  $.49B / 132MM shares = $3.71 share
  • Netbacks assumed of $16.00 boe (from their Sept 14, 2020 News Release; $28.00 boe forecast less $12.00 OPEX so ~ $1.040MM /day CF X 365 = $379.6 MM (annual CF before CAPEX)  X 4 = $1.518MM less net debt of $0.81B = $.708B / 132 MM shares = $5.36 share
  • Add back undeveloped land value,plus Strath potential settlement, plus investments in other entities all of which should offset any LT abandonment costs and G&A
Looks inexpensive, IMO.



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