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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 Nov 03, 2022 11:57am
227 Views
Post# 35069929

POU (97,300 Q3 - 107,000 Q4)

POU (97,300 Q3 - 107,000 Q4)Q4 they are hoping to produce around 107,000 boe/day.

It looks like in Q4, October has the last of the meaningful gas hedges of 100,000 Mmcf. So in Q4 POU is essentially unhedged for the most part and this will have a significant cash flow in their history.  

So in October 1/3 of the gas production has some hedges, after that they have purchased some floor prices but really no ceiling. This could be a big windfall in 2022.

Debt Free - Hedge Free - 107 boe/day in Q4

So being a debt free company, they can go forward hedge free with little risk, while bumping up their production in Q4 is should be a fantastic next quarter. POU has very little hedging liability on the balance sheet.  

POU is flush with cash, and just increased this dividend 25% this month.

They will likely rampup production faster because they are poised for a major windfall in the next few months.

IMHO
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