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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 Jul 04, 2024 2:00pm
377 Views
Post# 36118488

1.5 Billion and not Issue a single share...

1.5 Billion and not Issue a single share...This is a difficult place that POU is finding itself in, dont forget they are spending 150 million on Willesden Green gas plant for 2024 Capex. 

Pou could easily sell that gas plant to a Mid Streamer (Topaz?) because the economics of Wilesden Green are so strong and skewd towards liquids all i am saying is there is more cash available, there is just more cash sitting around then POU currently needs.  

So 450 million in NVA shares, plus other investment, Plus a billion dollar line, means POU could make a 1.5 billion dollar acquisition, without issuing a single share. 

Production set to jump towards the end of the year, and they have Wapiti filled and are drilling wells for 2025 Wilesden Green new gas plant start up and immediate fill. 

POU is a power house but it is very hard to find something accretive, when you already know they you will be producing a lot of oil and liquids from Wilesden Green in 2025. 

IMHO
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