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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 into three regions: the Grande Prairie Region, located in the Peace River Arch area of Alberta, which is focused on Montney developments at Karr and Wapiti; the Kaybob Region, located in west-central Alberta, which includes the Kaybob North Duvernay development, the Kaybob North Montney oil development and other shale gas and conventional natural gas producing properties, and the Central Alberta and Other Region, which includes the Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia.


TSX:POU - Post by User

Bullboard Posts
Post by Raymondjameson May 06, 2017 1:41pm
152 Views
Post# 26212541

Rebound

ReboundLoad up on pou. This stock can rebound to $60 with oil at $55 usd.  They will blow by estimates of 30000 bbl/day. Expect 40000-50000 bbl/day. Don't be afraid that this stock has gone up to $17+. More upside to come.

If oil prices drop, you want to own more of this company given cash on hand. No debt. If commodity prices hit $30s, pou is well situated to weather the storm and acquire more production at distressed prices. If commodity prices rise, then you have more production, great returns on every dollar invested, and cost of production going down. Trifecta means $$$$. 
Bullboard Posts