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.

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Paramount Resources Ltd > $100m closes NVA

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Comment by jspacemanon Oct 02, 2020 10:48am

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Post# 31657562

RE:$100m closes NVA

i suspect it will be a stock for stock merger.

reason being every PENNY of cash for these two bloated entities is precious and will be needed to shore up dangerous looking balance sheets.

look for a "merger of equals"...equally debt loaded producers.

Raymondjames wrote: Strath fmv is $100m. That settlement buys Nva. Scale up to 120k bpd immediately. Nva also has $100m liquidity. So you take the Strath money, buy NVA at 70 cents, then use their money to pay down your debt.

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