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.

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Paramount Resources Ltd > Screaming buy below $30 but in the penalty box

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Post by WillyGreenon Nov 13, 2023 5:17pm

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Post# 35732948

Screaming buy below $30 but in the penalty box

The value in pou should not be questioned. Pou has enough internal reserves/land to produce 250000+ bpd in time. They will exit 2024 at approx 120k bpd. Debt free ($45m) with an undrawn $1b Line of Credit. Great value.

The penalty box is due to the lack of reliability in the Keyera Wapiti plant and bringing $60m of capex from 2025 into 2024 to build out wells at Willesdon Green. So I think this becomes a late 2024 or 2025 play unless oil lifts substantially, Nva shares sold or some other catalyst. Fortunately I'm making real money on the dividends and call options etc.

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Paramount Resources signs $3.32 billion asset sale