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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 Jan 22, 2023 8:41am
390 Views
Post# 35238328

KKR looking to sell WESTBRICK?

KKR looking to sell WESTBRICK?
WestBrick look for a deal

Pamount is a major shareholder of Westbrick, which is primary a deep basis player, with little debt and 50,000 boe/day of production. Talking with POU IR they will not publicly disclose their ownership position in Westbrick. 

This is just another opportunity for POU to monetize a few more assets on it prestine balance sheet and add net cash to the balance sheet. 

POU is the cheapest energy company in Canada and is dripping with opportunity. 

IMHO

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