Kaybob north, a stroke of Genius. Add 2 B in Market CapGood Fortune
Half cycle economics in the most prolific oil/condensate play in North America. That is the opportunity that Paramount has before it.
While Paramount has been developing Montney oil, in the Kaybob little did they know they were sitting on one of the most prolific oil/condensates finds in North America. While they built the pipeline for Montney oil extraction and delivery little did they know that a few meters deeper was the real treasure found in the condensate production in the Duvernay layer of Kaybob.
Now is an opportunity of a lifetime, and Paramount will not be able to resist the compelling economics to drill the Duvernay, directly underneath their Montney oil opportunity.
Now all sudden the amazing economics that existed in Kaybob Montney oil will be Trumped by the unbelievable opportunity that exist in the 85,000 acres of Duvernay.
The Duvernay is set to be harvested and it will be one of the next play areas to be harvested by the best energy company in the world.
POU is the cheapest and best energy company in their entire industry.
IMHO