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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 MyHoneyPoton Nov 19, 2024 10:18am
118 Views
Post# 36319657

RE:RE:RE:CIBC's view on the sale

RE:RE:RE:CIBC's view on the salePeople that have been investors of POU, know dept of the asset base, and participated in the constant development + monetization of assets. 

POU has effectively 4 Billion in cash and securities on the balance sheet, plus and undrawn bankline and zero debt.

They also own a company Cavalier that alway participating in Land Sales, buying land to add to their land bank that is over 1.3 million acres, making land deals and participation with startup. Pou has a number of undisclosed private investments. 

POU has optionality in what they want to pursue, and with which partner may be the question. POU management is well connected and is a King Pin in the Canadian energy landscape. 

The Liard / Horn river are in the top gas basins in the world, and POU is one of the larges land owners there. Big wells and big gas.

POU has all kinds of oil opportunities, they run like a private company, you need to get use to that if your a POU investor.

POU have not told people the real plan, last time they monetized Kakwa assets, POU bought two companies (Trilogy, Apache), Established the Karr Play, spun off duvernay, smoky resthaven, a gas property to TOU, a gas property to a private group, the sold assets to bonivista, they own shares in pipestone and sold them part of their land base, farmout to Rubelite. Bought 37.3 million shares of NVA, Issued special dividends, and the list goes on.  

So the this sale is just the start of things, for the next phase in their plan. 

POU is a active company, buying, selling, trading, drilling, investing, and don't sit on their hands telling the market they have the best assets in the world. They understand oil and gas assets better than anyone. 

IMHO
MHP


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