Bullboard - Stock Discussion Forum Paramount Resources Ltd T.POU

Alternate Symbol(s): PRMRF

Energy Oil & Gas E&P

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

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TSX:POU - Post Discussion

Paramount Resources Ltd > Price Control + Operational Efficiency

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Post by MyHoneyPot on Sep 28, 2023 10:16am

Price Control + Operational Efficiency

Percision Drilling, day rates are up 73% over the last 7 months.

Percision Drilling Day Rates Link

So POU has an operation advantage owning Fox drilling.

This motley crew are industry experts on Pad drilling and long reach wells.

Motley Crew Experts - Link

Eight dedicated Teir1 rigs

Rigs Tier1 fleet

So while the rest of the industry is struggling with 73% increase in drilling day rates, POU is looking towards the North Duvernay and Wilesden Green and how to exploit its vast land block in the clear water.

POU has a clear operational advantage.

Fox drillings value has doubled in the and it continues to provide value for POU.

IMHO