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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 Raymondjameson Nov 28, 2021 2:43pm
364 Views
Post# 34173803

Very different world from march 2019

Very different world from march 2019

Pou net debt was $1b then and really only $200m now. No fcf then but $500m in 2022. 

OPEC+ played second fiddle to shale. Remember all that swing producer bull? OPEC+ in control now and will not permit a crash in prices. In fact, how many USA shale companies were even tempted to produce more before Friday ... they will tread cautiously now. OPEC+ will not allow oil prices to drop further  

When COVID hit in March 2019, it was the end of the world as we knew it. Nobody was ever going to use fossil fuels again. Horse and buggy was all we were going to need. Look how far we have come. Vaccines came out. Anti-virals were rolled out etc. So now the South African variant was quickly reported. Kudos. Reading potentially more contagious than Delta but not as dangerous and vaccines and boosters should provide protection. If all else fails, Merck and Pfizer can tweak the vaccine and roll it out within 100 days. 

I won't go through all the permutations but you know what I'm doing .. was buying at $21.40 Friday. Sells off more buying more. We are a $30+ stock even in this market. 

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