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Bullboard - Stock Discussion Forum 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... see more

TSX:POU - Post Discussion

Paramount Resources Ltd > Everyone is plugging the NuVista angle
View:
Post by Cheadle12 on Oct 10, 2020 10:08pm

Everyone is plugging the NuVista angle

but realistically DEBT FREE Kelt makes more sense in a paper swap.

Because this would LOWER POO's D/CF ratio, add some excellent assets and only dilute the equity pool, which is already in the toilet.

NuVista has tonnes of debt, which would further bog down POO's debt burden.
Comment by enterusername on Oct 10, 2020 10:15pm
POU can not afford Nuvista. Kelt  would love Nuvista's assets. Anyone makingh an ..85 to .95 bid per share would probably get it approved.
Comment by Robertboblaw on Oct 10, 2020 10:49pm
I would not be the least bit surprised if kelt took a run at nuvista. It does make a lot of sense. They are cash rich at the moment having just make a big sale to cnrl (I believe) and should be hungry to start grinding their way back into the mid tier player size. With nuvista having complimentary Assets and being gas weighted only makes more sense. What concerns me for pou is where they bought ...more  
Comment by enterusername on Oct 10, 2020 11:10pm
Yes, the averyage price Paramount paid for Nuvista is well above 1.50 in all . They will probably sell their shares to another buyer. Paramount can't afford anything right now.
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