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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 Feb 26, 2024 10:23am
219 Views
Post# 35898946

Business Opportunities - High stake poker

Business Opportunities - High stake poker
Paramount has the ability to do best for the company future, regardless of what Energy Analysts say like Eric Nuttal, who want companies to be balance sheet poor, and buy back all their shares so he has a exit strategy in place. 

Paramount is sitting on 3 or 4 transformational opportunities, and its going to be interesting to see how JR plays his hand. He has been a bit poker faced as of late but we know their are billion dollar opportunities in the wings.

Clearwater - POU has one of the best land positions in the clearwater, and have a history of keeping land in the name of brokers so it can't be identified as theirs. I am waiting to see how they finally monetize this boardwalk property.

Liard - the wells are transfered, a partnership in place, and no mention of the substantial increase in a gas basin where wells drilling in 2015 have reservers in excess of 30 BCF and with the improvement in technology over the last 10 years they will only get better. 

Wilesden Green - we should hear about the liquids processing capacity increase and the rampup of production, with the best yet to come. 

The Liard/Horn River play could be worth more than the entire company, especially as LNG opportunity becomes more real. Woodside is a great partner when you playing the LNG game.

POU is the cheapest asset rich company in the Canadian landscape, without even thinking about their massive heavy oil/oil sand land base.

IMHO
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