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 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

Paramount Resources Ltd

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Post by Raymondjameson Jan 16, 2018 5:37pm

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Post# 27371932

Pou still buying shares

Honeypot:

pou bought full allocation of 102600 today. The USA hedgies shorted a basket of Canadian producers but the algorithms have driven this stock down today. Expect algorithms to buy back at $18 soon and drive it up.

Pou may be looking for more firm take away capacity for their gas given they can’t burn it. Expect to see a borrow below 6% to get rid of tet debt at 8% and leave more for a tuck-in acquisition. I own a ton off Delphi. Would be a good fit as it produces 11000 bbl of condensate and has firm take away capacity for 2019 production to the Alliance.

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