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.

TSX:POU - Post by User

Paramount Resources Ltd > CIBC

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Post by Raymondjameson Mar 11, 2021 5:16pm

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Post# 32781499

CIBC

So CIBC has an $11.50 price target on pou. Report today that pou has gone too high too fast so downgraded. Yes ... the share price is at $11.50. So CIBC starts selling or shorting the stock today in the hopes of buying it back cheaper. Does anyone else see an issue with that? Heck - if I wanted to drive the share price down to $9 so that I can buy it there some regulatory body would be knocking on my door. Nice to be a bank.

Having said that, I was buying at 11.46 all day long CIBC better hope the existing shareholders are easily frightened and don't have deep pockets

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