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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 liquids-rich natural gas focused energy company. The Company explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities. The Company’s principal properties are located in Alberta and British Columbia. It has a diversified portfolio of assets with top-tier liquids-rich positions in the Montney and Duvernay plays. The Company's operations are organized into three regions. Its primary focus in the Grande Prairie Region is its Karr and Wapiti Montney properties. Kaybob Region includes the Kaybob North Duvernay development and other natural gas and oil-producing properties. The Central Alberta and Other Region includes the Willesden Green Duvernay development in central Alberta and shale gas properties in the Horn River Basin and Liard Basin in northeast British Columbia.


TSX:POU - Post by User

Paramount Resources Ltd > Share price after SD
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Comment by MyHoneyPoton Jan 19, 2025 9:04pm
65 Views
Post# 36411334

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share price after SD

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share price after SDIt is a different time, and place.

POU did not want to sell Kakwa, but it was early days and they sold Kakwa to 7generations, because they saw the capital requirement to develop the resource. They build a gas plant and were carry a ton of debt. 

Kakwa has billion of dollars of associated infastructure invested to develop the best resouce play in Canada, that ultimately took down 7generation. No other play has the investment in all of Canada that kakwa does.  

POU saw the path they were on and considered it too high risk. Kakwa resulted in 7GEN carrying to much debt. 

ARX got lucky and has the balance sheet that ultimately finance the 7generation deal, and did and does not understand the resource and value they stole.  

In any case POU made the right decision for them, and you can trust management to make the right decision from the business perspective, and isn't that what this is all about. 

IMHO
MHP
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