Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 BuyLowAndHoldon May 12, 2022 7:40pm
143 Views
Post# 34679892

RE:Slush Fund - NVA Shares

RE:Slush Fund - NVA Shares

JR's votes seem amateurish if you ask me.  The motions pass comfortably despite that. 

I agree that no one else will acquire NVA due to POU's 16% block but I'm not sure how a 3:1 acquisition does anything for NVA management or shareholders?  

Unless there's a premium why would they agree to it?  If they hold onto NVA shares they'll have a pretty sweet return over next year and a half.  Shareholders could simply sell their NVA shares and buy POU if they want 3:1.

I can't see NVA Shareholders ever approving it without a premium. 


MyHoneyPot wrote: You can get a sense of the love relationship between POU and NVA in their recent annual meeting, where JR only voted yes to picking a new auditor, and No to all the management and the board. 

So there is a little uncomfortable feeling of offside there. I think the NVA value north of 400 million dollars is a lot of cash, and he just carved off 50 million for Willesden green, but there is still a very large share holding there, and no one will buy NVA without first making a deal to tie up POU's shares. 

I think the threat is real, unless a better opportunity comes along for the capital.

I think the deal JR wants is that the long term future for NVA shareholders is better served as part of POU buy NVA has a wild idea in terms of the evaluation, and when you look at them the current production numbers and commodity profile is great and i think NVA is an assets they understand very well, and so its a good fit.

The challange is to get NVA to feel comfortable as a part of pou.

I don't think they would offer a big premium, especially if they were using POU shares right now.

3:1 is my guess

IMHO

 

<< Previous
Bullboard Posts
Next >>