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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

Comment by oilisswellon Mar 08, 2024 1:52pm
195 Views
Post# 35923216

RE:RE:RE:Analysts

RE:RE:RE:AnalystsIt is disappointing, especially the following:

"The Company is updating its forecast of 2024 free cash flow to approximately $235 million from $350 million to reflect revised midpoint 2024 forecast sales volumes of 103,000 Boe/d (47% liquids) and updated operating cost, royalty and other assumptions."

However, they do have a string volume replacement record, and the dividend is secure down to ~$61/bbl per below:

"The Company’s midpoint 2024 sustaining and maintenance capital program, abandonment and reclamation expenditures and regular monthly dividend would remain fully funded down to an average WTI price in 2024 of about US$61/Bbl, assuming no changes to the other forecast assumptions."

As always, in Oill & Gas there have to be assumptions as no one can predict the future. So anything is possible. One thing for sure is that POU is continuing to drill and replace/increase production, something they can control. GLTA
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