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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 > Handcuffs are Off.....
View:
Post by MyHoneyPot on Oct 18, 2021 3:30pm

Handcuffs are Off.....

POU hedges are basiclly off and they have no long term material hedges in place. 

This is especially when condensate is trading north of 100 dollars and in alberta you are paying north of 12% royalities. 

Just image the impact on some of these producers that have hedged at say 40 dollars U.S. and they are paying $10 dollars a boe in royalities, their netbacks are only $30 dollars a boe. 

POU is so well positions, and Net Debt will be very very low, this quater is going to blow the doors off the market. 

IMHO
Comment by Raymondjames on Oct 18, 2021 7:12pm
I typically agree with the Honeypot but I never viewed the hedges as handcuffs - the hedges were a floatation device until the tide turned. The virus caught every energy company off guard but we made it through in great shape. We will be $30 in 6 months. Keep a selling boys cause I'm still buying.  And look at that options board ... if the divvy gets increased .... boom. 
Comment by RusticHit on Oct 19, 2021 10:24am
That is Top when companies started taking off Hedges ,,,watch out <><><><><><><>>
Comment by Raymondjames on Oct 19, 2021 11:05am
Rusty - Peters just raised target to $30 and cash flow of $1b. Man up and buy here. 
Comment by RusticHit on Oct 19, 2021 12:30pm
Yup bought at 19.20 and out 19.70 won,t hold over night bought  Arx Bir Aav Scl for trade too but they r not moving up yet lets see 
Comment by Raymondjames on Oct 19, 2021 1:46pm
Rusty - buy pou and hold. 
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