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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

Post by MyHoneyPoton Sep 22, 2022 12:15am
200 Views
Post# 34978193

Inflation and the Canadian Dollar

Inflation and the Canadian DollarAll of POU production, out of Karr and Wapiti are Tier1.

The Canadians dollar is trading at 1.3508 as i write this post, 74 cents. 

Oil right now is 83.30 WTI or roughly  $112.50 Can/Boe

So oil being a global commodity, and were heading into heating season, AECO approaching 5 dollars, USA natural gas 7.72 U.S. or  $10.42 Canadian a mmcf. 

So POU is producing over 100,000 boe/day, it is ramping up, it has net zero debt. 

It owns almot 40 million shares of NVA that is trading at around $11.50 that is a lot of dough. 

The clear water land keeps getting move valuable every day and wilesden green they have consolidated that play and can drill wells that are at the limits of the technology. 

Expect Oil to be strong and POU to be strong. 

IMHO


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