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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 Jan 08, 2021 6:18pm
112 Views
Post# 32259541

RE:RE:RE:Tomorrow could be huge here

RE:RE:RE:Tomorrow could be huge here Why are we talking about JR selling karr and wapiti? HP is this your doing I'm guessing? Lol JK OK Listen if we're looking 2, 3 years down the road with surging oil prices, selling the crown jewels now at current prices would be a bad move for the Riddell family. Anybody knows their history knows they don't do low ball selling. They are long oil always. They don't even hedge for that reason. No way they are seriously considering selling POUs crown jewels now. My personal belief is that the kaybob sale to VII in 2017 was only done because JR and CR knew POU and trilogy had lots of other assets that had great future potential beyond what was sold to VII. It turned out to be a brilliant move in hind sight. Then they bought apache for a good price and in hindsight was also a brilliant move. They took on zero debt in that deal. The fallout of 2020 is that, however long it takes, they will sit on the assets theyve accumulated and if and when we are in a higher oil price environment, they will be sitting on a goldmine of assets. They have optionality at that point; sell, cash in, move on. Or drill and build POU into the next tourmaline. Bottom line is this, JR imo is not going to sell anything now, it would be dumb and they're not known for making dumb moves. Give this stock 2 or 3 years to see what they can pull off, monitor their prod, capital costs and their funds flow. If they hit their targets and if oil prices take off, all their moves will look super smart. Sorry to go on. Just my humble opinion. GLTA
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