Paramount Resources Ltd T.POU

In line with Expectations

[MyHoneyPot]

The good thing is that POU is out of the bank restrictions.

Two new wells in the East Duvernay, an exciting future prospect.

Karr wells look great.

IMHO

[Raymondjames]

The key here is that if you are a business owner then you are in the right play. Well costs down. Total FDC reduced by 962m proven and 1196m 2p due to lower go-forward well costs. $160 m fcf guidance at strip.  You have approximately 39m nva shares now trading at $2.18 which can pay down debt further. With $160m fcf you can pay down debt again.  So $240m to pay down debt and 2022 is

[Sugaree]

Only stock in the red in my 24 O&G watch list today. POU must have gotten ahead of itself relative to results and guidance.

[Raymondjames]

Will finish green. 

[Raymondjames]

Honeypot sold at the end to keep it in the red. And yes bought more at $10.70. 

[Sugaree]

HP is spending more time touting NVA on that board than on here touting POU these days. Not sure yet, but could be a sign to take my profits and run, lol. However, may have missed the boat on a swap, should have could have done before Q results. Just my luck i will sell POU and chase NVA up and then POU will go on a run after this 3 week hiatus, and NVA will cool off. The question is, what comes

[Raymondjames]

I wouldn't chase Nva. Once the dust settles investors will realize pou's business model is far superior. Will likely be green big time tomorrow. Notice Peters buying at end of day after I was buying in the low $10.70s. Finished higher. Peters raised target from $13.50 to $15. BMO raised to $14. They see what the average billboards guy doesn't see.  $$$$

[Robertboblaw]

A few quick thoughts that caught my eye, I didn't go into any costs in detail yet: - Those hedges for 2021 don't look great. 18,100 BBls of oil at ~$46 is looking pretty bad. These must have been entered into months back so nothing to do about it now. 57% of 2021 prod is alot and most of those hedges look to be out of the money as of today so lets hope whatever caused them to panic and