Paramount Resources Ltd T.POU

OMG 5.82 Million - DRAW

[MyHoneyPot]

Another big draw and the Saudi are taking another million boe off the market next month. What does that mean for the price of oil?

Also price of Condensate is roughly the price of Oil + 1.25 US.

So we are off to the races. 

53.30 oil Price + 1.25 = 54.55 U.S.  =   69.93 Canadian

That is more then 43% higher condensate price that POU posted in Q3. (48.74 Can)

Q1 will be a breakout quater for Paramount. 

IMHO

[Sugaree]

Looking good! What is your share price target for end of the quarter?

[regardless]

Better yet let's get an estimate for q4 before we jump the gun on q1 

[MyHoneyPot]

I think that would support somewhere between 7 dollars and 8.8 using the following. (4-5 X FCF) 75,000 boe, $2.50 gas, 54.55 U.S. condensate, 18 dollar liquids Quater It would generate my best guess is about 250 million in funds flow for the quater.  About 50-60 million in FCF after maintenance Capex I caculated two ways and came up with similar answer.  Basd on VII generations