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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 Moemoney42on Dec 24, 2024 10:10pm
53 Views
Post# 36377023

RE:RE:RE:Interesting thoughts, guys.

RE:RE:RE:Interesting thoughts, guys.Assuming we trade at today's close of roughly ~$31/share, minus the $15 in Q1-25 leaving $16/share, I would think by the end of Q1-25 we'll see some stats on the new wells they're drilling in their new prospective areas. 
If those wells come in decent they could update plans for 2025 although the 50% increase for the end of the year in my mind pretty much tells me they have that already factored in.. and a 50% increase in production in one year 30 to 45K/day will turn some heads and I could easily see that $16 start point end up at ~$24 for the end of 2025 for a 50% gain next year.. suits me just fine..!


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