POU not your typical Energy CompanyParamount is an investment fund unto itself, and who would you rather have running your energy fund?
Eric Nuttal or the Riddell faimly, as they are all invested in POU, and I am sure it is one of the investments that they discuss at faimly dinners.
NVA
Will it be the acquisition of NVA which is now producing north of 80,000 boe/day putting those 37.3 million shares to work. NVA is likely essentially a debt free company buying back its shares.
Westbrick Energy Ltd
The word on the street is this asset is for sale and with the next commodity cycle that we are currently entering, expect a sales and more cash on POU balance sheet.
Fox Drilling
POU drills wells for less than any other company in the Patch because they own the drilling company, and can drill more than 20% cheaper. Also with their own People, meaning consistent results. A new walking rig has been built for Wilesden Green and wil find it new home drilling the longest lateral wells possible in the duvernay.
CPS Canada Premium Sand
This is a company that POU has director on, a company in pursuit of premium frac sand. The sand was of such good quality, it will find itself in North American solar pannels. POU 16% if this project is hard to value and is there any other place in the world that you could expect the government to throw more money at a solar pannel project. This is a wild card in POU porfolio. Expect something soon, and they are waiting for the financing now. One of those battery plant negociators needs to get over there, and manitoba needs this economic help.
LIARD/Horn River
LNG is long term, and these are some of the biggest wells on the planet. I expect to see some big things happen here.
ClearWater
276,000 net acres of opportunity, could be worth more that 1 billion dollars as we enter this new energy, POU has been drilling some wells themselves in the clearwater, and expect some excitement about the clear water.
Cavalier Land
1.3 million acres of land for sale, and valuable basket of the best land opportunities.
Sultran
Paramount holds a ~16% ownership • Supply chain and logistics solutions for bulk commodities • Wholly-owned BC terminal facilities (Pacific Coast Terminals Co. Ltd
A package of Valuable with many moving parts.
Really pou is a basket energy assets, and the sum of the parts is worth a lot more than the whole, with some of the best growth prospects in the entire patch.
IMHO