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

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Comment by ARRHWon May 22, 2003 2:59pm

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Post# 6109479

RE: POU sure seems cheap in here

A takeover will never happen. The Riddell's still own around 55% of the company and they simply aren't interested in selling. If anyone buys shares and takes the company private it will be them! Once the hedges are off in the fall and if gas prices hold (does anybody doubt that they won't?), POU will be throwing off $4.50 - $5.00 / share in cash flow in the fourth quarter. Say what you will about this being a family controlled stock but by the end of the year we'll be trading closer to $20/share than $10/share. Think what it will be if they hit a few good wells up north? Time to load up. ARRHW

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