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 > Highest cost, too much Nat Gas %.

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Comment by PabloLafortuneon Mar 07, 2021 7:45pm

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Post# 32740382

RE:RE:RE:RE:RE:RE:RE:Highest cost, too much Nat Gas %.

Energy is a political football nowadays. Best thing to do is bring debt way down. That way, when prices are low you stop drilling if not shut in wells which if everyone does that, prices will soon bounce back. When prices are high, you hedge and drill like crazy (and you hedge the payback on your new wells). That way, you're never beholden to the banks, you maximize profits, you don't waste reserves selling at low prices and you take money out whenever you want.

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