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 > Highest cost, too much Nat Gas %.

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Comment by Raymondjameson Mar 08, 2021 8:18am

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Post# 32741493

RE:RE:RE:RE:RE:RE:RE:RE:RE:Highest cost, too much Nat Gas %.

Going to chime in on hedges for a moment. Use them to protect your balance and your company. Best business model now in the patch. Blue chip intermediate now. You may not capture all the upside but you sure as hell don't go below $9 now. New base being formed. Debt can be paid down with sale of nva shares ($100m), Waterous ($45-90m), plus fcf in 2021 ($100m looks almost guaranteed due to the hedges or $190m according to BMO) and forget about sale of MEG now in the $7s (if it's still on the balance sheet). You quickly whack down half your debt. Rear view mirror. We are going materially higher.

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