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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
Comment by pablo87on Oct 02, 2020 11:19am
194 Views
Post# 31657775

RE:RE:RE:RE:RE:RE:RE:$100m closes NVA

RE:RE:RE:RE:RE:RE:RE:$100m closes NVAThough I would hold off for now to see how this plays out, I would prefer owning the combined entity than NVA or POU individually at this stage. Nuvista has a lot less overhead than Paramount, combining the 2 will almost certainly result in much lower overhead on a per boe basis. Nuvista doesn't have that much abandonment liabilities either - another positive. Finally, if they can sell an asset that has take or pay attached, they reduce debt, they reduce operating costs that are fixed in nature, and can probably replace the lost production by drilling and such to what would be (presumably) better ROI properties with their own take or pay.... At a sustainable 120K? with $1.1B? debt (after asset sale) with the quality assets it holds, Paramount becomes attractive again. Also if they can maintain 75K boepd ex Karr and ex Wapiti, you have line of sight to 150K so they become a comparable with the likes of ARC Resources and Seven Generations and should attract more funds. YMMV!
Bullboard Posts