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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

TSX:POU - Post Discussion

Paramount Resources Ltd > A little surprised
View:
Post by MaterialsMan on Nov 27, 2023 2:05pm

A little surprised

Based on today's news that OPEC is considering further price cuts, I find it odd that the share price is going in the wrong direction.
Comment by WillyGreen on Nov 27, 2023 4:46pm
All energy names down.  Notwithstanding the potential for a deeper/longer OPEC + cut, the price of oil was red for most of the day. This is the financialization of oil which is 52x larger than supply/demand fundamentals.  When the moment of risk on for oil comes, you want to be long long long. 
Paramount Resources Ltd
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