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Paramount Resources Ltd T.POU

Alternate Symbol(s):  PRMRF

Energy Oil & Gas E&P
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

Paramount Resources Ltd > Why are people selling?
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Comment by PabloLafortuneon Dec 17, 2024 12:52pm
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Post# 36366490

RE:RE:RE:RE:Why are people selling?

RE:RE:RE:RE:Why are people selling?Couple things I forgot to mention:

- Trump said drill baby drill and he said he wanted energy costs to go down. Coincidentally, thats what Exxon is doing.

- the market cap of energy companies - save for a few Exxons - is a rounding error compared to that of tech companies. For example, in order for EQT to have a $2T market cap ie similar to the largest tech companies - instead of $20B, they would have to single handedly produce twice as much natural gas as the world consumed in 2023!  Exponential difference in perceived importance (market cap = deemed importance IMO) between the two sectors

Therefore, its probably a good idea to a) take some off the oil and gas table and b) only invest in the very best plays.

Hope you enjoy my narratives. 


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