Paramount Resources Ltd T.POU

What gives?

[dselvonm]

the price of oil keeps going up and the stock price is stagnant...if not heading downwards

[Raymondjames]

Game over. Going to $21.  Sell.  just kidding boys. Buy more. 

[Raymondjames]

When you notice that kind of discrepancy, that may be an indication to become a far kid on a smartie. I've been buying here, and I have way too much of it but $30 is close and $40 possible. 

[Raymondjames]

Fat kid 

[Vince64]

In my opinion, most Canadian O&G stocks have been trading sideways lately. Most will sell off a little should WTI turn red, but may not appreciate should WTI remain in the $85 range. Furthermore, some Canadian O&G stocks will also sell off, somewhat, should WTI turn slightly green. Those buying may be looking for a positive (upbeat) PR to take individual stocks to a higher level. The price

[Raymondjames]

Market is concerned with inflation and interest rate hikes. I was buying this morning.  Still say $30 -$40 in 2022 for pou. Clip a dividend while you wait. 

[Raymondjames]

More today. Panic selling with wti $80+ and nat gas $4+. Lol. 

[Vince64]

The monthly dividend, to date, has been, and is very nice. I also bought more today, though in the PM. It is true, difficult to pick a bottom. POU can easily run up very quickly (and it has). I do recall you posting that the rise to $30+ would not be 45 angle.

[Raymondjames]

I'm going to keep buying here. $200m slated for shareholder returns- divvy, special or ncib. 

[Robertboblaw]

Definitely jittery nerves last week or so. But Inflation worries should really help oil stay here or possibly even go higher ~$90 range imo. While general market worries are always a concern; between supply/inflation concerns and international tensions rising, I personally think oil will rip in 2022. We're primed for $30+ at some point this year. GLTA

[Raymondjames]

Always the voice of reason. Good to hear from you again. 

[Raymondjames]

Thank you sellers. 

[Vince64]

I agree. The current stock market zeitgeist is one of unease. This is not transitory, in my opinion. I reiterate, this is my opinion: 1) there will always be stock market jitters; &, 2) WTI "ripping" is a problem (WTI @ $85 +/- may lead to less extraneous actions). Most Canadian O&G stocks have been trading sideways for several weeks, while the price of WTI has increased modestly

[MyHoneyPot]

My feeling is this, this is the first big quarter of higher prices, and many of the companies are doing repair of their balance sheet, and some people are having a problem buying energy stocks, morally, ethicly, etc. So companies are buying back their own stock.  All companies are all doing massive buybacks, however they feel that their stocks are cheap and the market has not repriced energy