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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 Oct 29, 2022 5:30pm
270 Views
Post# 35058005

Exciting Things Martin Hills - Clearwater

Exciting Things Martin Hills - ClearwaterThis Land Map shows where POU is in Martin Hills ( Cavalier Land is their land company)

Lank Map Martin Hills

Economics of Baytex wells Clearwater

Clear Water Baytex wells payout

So Baytex drilled 18 wells in 18 months, and had production of 9100 boe a day in June 2022. These wells payout at 85 dollar WTI in 5 months. (Free Cash Flow)

So POU is in the heart of the play, next to the very best wells, and they have been mapping this out for a few years now. Wells costing 1.7 million, i expect it would not be a big deal for POU to drill 25 wells 40 million dollars and bring on an extra 10,000 boe/day. (Puttin some value on the clearwater assets)

What needs to get resolved is POU likely has 2 billion of value here (Martin Hills) that is not being reflected on the balance sheet and not reflected in the share price. 

2 billion / 142 million shares = 14 dollars a share. 

POU when is starts getting results from martin hills will likely take a big bump, and think about it, its not a separate company with a ton of overhead, it a tuck in no play area for POU.

POU is simply to cheap, and should be at least 40 dollars if not higher, they have growth opportunities hanging from the vines. Nuttal while talking about Baytex and their great clear water results, when asked about POU he said they were are $60 stock. He said POU is in the clear water and they have been sniffing around fro a long time, and JR just keeps pulling these plays out of thin air that nobody knows about, that POU owns. 

My price analysis on the POU share price is this, it is 50% discounted to NVA, that is the starting point. 28 + 14 = 42 

$42 dollars, + North Duvernay($10) + Wilesden Green($14) + Clear Water($14) + Smokey($2) + Karr($3) (10K bump)  that 75 dollars a share but that is only getting started.

Wapiti will likely get a bump in the development plan as the latest wells off the charts. 

Expect a fantastic Q3 quarter for POU

IMHO



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