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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

Post by MyHoneyPoton Mar 03, 2021 8:33pm
188 Views
Post# 32711695

Hedges

HedgesHedges are like looking in the rear view window, if the car is low on gas we sometimes do what we have to, so we can get to the next gas station.

I don't like the hedges, however look across the landscape and tell me what hedges that were put in place in 2020 were good hedges.

I posted on the VII generation board to take out of their presentation that 30% of their production was hedged are 45 dollars U.S., VII generations no longer has its own slide highlighting 45 dollar hedges. 

So hedging is an art, you need to be able to defend your rational when prices are strong, and your a genius when prices are weak. 

I don't like the hedges it move the goal posts a little futher out, but they are still there all the same.

IMHO
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