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.

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Paramount Resources Ltd > POU Oil 56.75 - Condensate 58 dollars U.S. - What Next?

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Comment by MyHoneyPoton Feb 04, 2021 11:07pm

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Post# 32481010

RE:RE:POU Oil 56.75 - Condensate 58 dollars U.S. - What Next?

Oil production is down, and so is gas production, next week will be a huge draw in gas is my guess. USA imported at 1.5 million boe of oil a day over the previous week and still had a 1 million boe draw.

Trump has messed with opec and oil prices from the time he came to power, Opec is anxious for a good price enviroment, and it is long overdue.

Shale got dessimated with all the flush production sold off on the cheap, and now with biden how investable is oil in the united states.

You can hedge at 57 USA and my gut feeling the economics have got a lot bettter, imho.

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