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

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Post by energeeon Oct 22, 2020 8:57pm

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Post# 31769492

Gas Price Rocks

With some hedges dropping off, great upside for POU.

Check this site for current commodity prices. https://www.psac.ca/business/marketstats/

Looks strong.

BELOW FROM POU Website

HEDGING

Paramount has undertaken an active hedging program and, since the second quarter, has added several additional hedges to provide greater funds flow certainty and further protect the Company's capital program.

The Company's current commodity hedging position is summarized below:

Natural Gas:
Rest of 2020 ~71,000 MMBtu/d at US$2.27/MMBtu
~81,100 GJ/d at CDN$2.02/GJ

2021 ~67,500 MMBtu/d at US$2.73/MMBtu
~60,000 GJ/d at CDN$2.54/GJ
Oil:
Rest of 2020 ~15,500 Bbl/d at US$47.57/Bbl (1)
2021 5,000 Bbl/d at US$44.10/Bbl

Details of the Company's hedge position are shown below.

Oil	Volume	Price	Remaining term
NYMEX WTI Swaps (Sale)	4,000 Bbl/d	CDN$80.11/Bbl	September 2020 – December 2020
NYMEX WTI Swaps (Sale)	17,000 Bbl/d	US$42.24/Bbl	September 2020
NYMEX WTI Swaps (Sale)	11,000 Bbl/d	US$42.91/Bbl	October 2020
NYMEX WTI Swaps (Sale)	9,000 Bbl/d	US$43.30/Bbl	November 2020
NYMEX WTI Swaps (Sale)	9,000 Bbl/d	US$43.51/Bbl	December 2020
NYMEX WTI Swaps (Sale)	5,000 Bbl/d	US$44.10/Bbl	January 2021 – December 2021

Gas	Volume	Price	Remaining term
Ventura Swaps (Sale) (2)	20,000 MMBtu/d	US$1.69/MMBtu	September 2020 – October 2020
Chicago Swaps (Sale) (2)	20,000 MMBtu/d	US$1.71/MMBtu	September 2020 – October 2020
NYMEX Swaps (Sale)	20,000 MMBtu/d	US$2.17/MMBtu	September 2020
NYMEX Swaps (Sale)	20,000 MMBtu/d	US$2.34/MMBtu	October 2020
NYMEX Swaps (Sale)	30,000 MMBtu/d	US$2.92/MMBtu	November 2020 – March 2021
NYMEX Swaps (Sale)	20,000 MMBtu/d	US$2.67/MMBtu	November 2020
NYMEX Swaps (Sale)	40,000 MMBtu/d	US$3.04/MMBtu	December 2020
NYMEX Swaps (Sale)	60,000 MMBtu/d	US$2.71/MMBtu	January 2021 – December 2021
Dawn fixed-price physical	45,000 MMBtu/d	US$1.56/MMBtu	September 2020
AECO fixed-price physical	90,000 GJ/d	CDN$1.66/GJ	September 2020 – October 2020
AECO fixed-price physical	10,000 GJ/d	CDN$2.45/GJ	September 2020 – December 2020
AECO fixed-price physical	25,000 GJ/d	CDN$1.85/GJ	September 2020
AECO fixed-price physical	40,000 GJ/d	CDN$2.68/GJ	November 2020 – March 2021
AECO fixed-price physical	50,000 GJ/d	CDN$2.51/GJ	January 2021 – December 2021

__________________________
(1)	Includes CDN$ denominated oil hedges converted to US$ at the FX strip effective September 3, 2020.
(2)	These hedges swap physical sales of Alberta natural gas production from Chicago and Ventura index pricing to fixed prices.