Paramount Resources Ltd T.POU

Gas price is approaching $4.00

[MyHoneyPot]

With a cold snap setting in down East and as Natural gas approach $4 dollars, it looks like we are heading towards the perfect storm. 

https://www.naturalgasintel.com/data-snapshot/daily-gpi/CDNNOVA/

It looks to me that POU gas is pretty well unhedged unless they piled on a bunch of hedges since the last report in November. Peter in their forecasts suggest $2.60 gas this number could be significantly higher, The spot market is apporaching 4 dollars, and the weather forecast for the next two weeks looks cold. 

This could have a great impact on POU and yes again a reforcast with now higher gas prices. Natural gas at 4 dollars could have a significant impact on FCF and make a lot of economics work a whole lot better. 

POU is way to cheap and is the best of the best energy companies in the Canadian market place. more cashflow and a quick rampup at Karr with all the extra cash going to Karr and Wapiti, that is my take on the amazing situation.

POU next week I see a huge huge gas draw, and oil on its steady march to $60 dollars WTI. 

IMHO

[retiredengexec]

Might get to 4. And even stay for a week or two. Gas has been breaking my heart since 1986.

[MyHoneyPot]

You heart breaks may be old news. Hedges  of $2.41 for natural gas can be realized through 2024. Looks like a pretty bullish outlook for Natural Gas to Me.... IMHO

[retiredengexec]

2 41 for three years is kinda dismal.

[MyHoneyPot]

Not when you have seen natual gas trade under a dollars, or sometimes for free. - No Market.  IMHO