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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 Sep 08, 2024 10:49am
260 Views
Post# 36213739

Economics of Liquids Rich Plays

Economics of Liquids Rich Plays
POU is focused on Liquids Rich, while they likely own the largest dry gas reserves in all of Canada with Laird + Horn River. 

Essentially zero debt, and securities on the balance sheet. 

Pou does not need to buy back shares because they never bloated their share count. 

A company where the management do take the right actions for the shareholder, they don't buyback shares to pump the stock, or take on debt because everyone says you should. 

With this downturn it is an opportunity for Companies like POU, who don't evaporate their balance sheet with meaningless buybacks. 

POU is a solid business and a real investment opportunity.

Sinclair is a new chapter with a monster resource, with Wilesden Green of high liquids and big netbacks. Dry gas is out of favor these days. 

IMHO
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