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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 Jan 17, 2018 12:02pm
92 Views
Post# 27377444

Pou still buying here

Pou still buying here Natgas - I don’t have any clue why you compare pou to petyo and encana. None. Pou has turned into a massive liquids rich play. The issue they need to solve is how to get rid of all that gas so they can produce more liquids. Pou management doesn’t care about Aeco pricing. It can go to zero and they don’t give a damn. Because they can’t flare the gas, pou needs to find a way to get firm takeaway capacity for the extra nat gas they produce when the produce 110000 bbl of liquids in 2019. 

Bottomline here is the company is buying back shares today at these prices. Last I checked, they aren’t idiots. Follow the insiders who are hitting the bid. I bought more today.  The algos and shorts will get their collective faces taken off when a royalty agreement of $120m gets announced; when a non-core asset disposition gets announced; if a borrow at less than 6% gets done; and when the 2018 guidance (plus q4 results) gets amended to include higher revenue from liquids. Trust me - Aeco shmaeco. It’s a rounding error. The consensus is trading pou like a gas stock. I get it. But the consensus also thought wti would never again get above $50 only 8 months ago. Stupid cheap strong buy. 
Bullboard Posts