RE:Fantastic Opportunity - The Brains of the Patch Reside Here. "Oh ya the sale of the Kakwa assets..
Consideration received by Paramount under the Sale Transaction totaled approximately $2.1 billion
Then BOOM:
Canada's Arc Resources agrees to buy Seven Generations for $2.2 billion
LOL good times
Too bad VII isn't still around so POU could sell them more assets for ARX to steal.
So ...POU can drill 100 wells with their own rigs in a year?
That would make a break out year 2025
And I do like the looks of that $13 divi...Kinda higher than the number being thrown around by about 150% but I like it.
Glad I bought more shares today. ;-)
GL Fellow Investors
MyHoneyPot wrote: POU it going to be flush in cash when the entire industry is struggling with low gas prices and now low oil prices.
Really if your sitting on almost 4 billion dollars in Cash and Equities, Paramount will have to add a new line to the balance sheet called interest income.
The question has already been asked, WilleyGreen how fast can you go? North Duvernay, two rigs full time max out the facilities, and Sinclair what the plan for the next 10 wells.
However Pou may pursue some of its other inventory of opportunities, with 2025 technology this is likely worth a lot more attractive play....
The Company had received an updated independent evaluation of its bitumen resources within the Grand Rapids formation at its Hoole oil sands property. Estimated economic contingent bitumen resources increased 20 percent from the April 2010 evaluation to 763 million barrels (Best Estimate (P50)). The before- tax net present value of future net revenue of such economic contingent resources, discounted at ten percent (Best Estimate (P50)), increased 49 percent to $2.8 billion.
Or maybe they are going to sell another oil sands lease? Paramount Resources Ltd. (TSX:POU) ("Paramount") is pleased to announce that it has reached an agreement to sell its oil sands leases and shut-in and producing natural gas rights in the Surmont area of Alberta to MEG Energy Corp. (the "Purchaser") for total consideration of $301.7 million. Oh ya the sale of the Kakwa assets.. CALGARY, ALBERTA - Aug. 18, 2016 /CNW/ -Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") is pleased to announce that it has completed its Musreau / Kakwa asset sale (the "Sale Transaction") to Seven Generations Energy Ltd. ("7G"). Consideration received by Paramount under the Sale Transaction totaled approximately $2.1 billion, and included approximately .5 billion in cash (after adjustments), approximately $1.0 billion in 7G shares (based on the August 17 closing price for 7G shares) and approximately .6 billion of debt assumed by 7G (including accrued interest and based on the August 17 noon Canada / U.S. dollar exchange rate). Or they might just buy a Company Cash? CALGARY, July 6, 2017 /CNW/ - Paramount Resources Ltd. (TSX: POU) ("Paramount" or the "Company") is pleased to announce that it has entered into an agreement with certain subsidiaries of Apache Corporation to acquire Apache Canada Ltd. ("Apache Canada") for $459.5 million, plus working capital and other monetary adjustments (the "Apache Canada Acquisition"). Paramount plans to fund the Apache Canada Acquisition with cash on hand and no debt will be assumed. I guess what i saying here is that anyone that thinks that POU doesn't have plans and a strategy where to put these proceeds, they just don't understand the company
IMHO
MHP