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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

Post by MyHoneyPoton Jun 03, 2023 4:30pm
240 Views
Post# 35478697

NVA Shares - Landscape

NVA Shares - LandscapeNVA has roughly 215 million shares outstanding

83,000 boe/day 2023 production target



Major Ownership Blocks

Paramount           37.3 million shares of NVA  17.3% of float

Nine Point Ptr      12.2 million share  

GMT Capital         22.5 million shares


So it doesn't look like it would be to difficult for POU if they want to lock up 72 million shares, or about 33% of the stock.

The Private Placement notes have historically been a problem, because of terms associated with them, those terms however include the opportunity to buyout or do an early redemption in July 2023. The company has agressively been buying them back currently on the open market and retiring the debt. 

So i think we are coming to the point where a deal will be possible, and it hard to imagine that discussion are not happening as we speak. 

IMHO
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