Paramount Resources Ltd T.POU

Early Christmas Present

[MyHoneyPot]

Well, POU is a gift at these prices.

I just bought shares today, on the market and a lot of them. 

With only 141 million shares, they will be producing 100,000 boe/day by 2022 exit, the cash flow it going through the roof. 

The 10 cents a month dividend is really nice, and its a little gift to me every month, reminding me that JR and POU are making me money. 

Wildesden green that added 90,000 acres to the play, that was previously targeted for 20,000 boe/day for 20 years, now looks like 40,000 boe a day at least. Also the purchase will add 1300 boe/day to the immediate production. 

I live for days like today, and had a lot of dry powder, there is nothing wrong with 7 dollars U.S. gas and 100 dollar U.S. oil, next quarter numbers will be better than this quarter but year end will be the finish line and a 40 dollar stock.

IMHO

NVA is hitting on all cylinders, and with a debt target of 300 million, and NVA shares worth more than 400 million, it very easy to see POU as  a company without any net debt.

[Raymondjames]

Risk off. Another fortune to be made here. And yes Delvsom I was very active in September and January calls. 

[dselvonm]

Most O&G companies lost around 5% at the most today...Why did Pou drop more than 11%?

[Raymondjames]

Because it's going bankrupt 

[Raymondjames]

Actually you called me a liar so I will have at you now.  Delvsom - that is one of the dumbest questions yet. I guess pou is 11% more likely to go bankrupt. I guess pou's debt is 11% than as presented in the corporate presentation.  Maybe fcf is 11% today than last week. Maybe 11 days away from the last report. Holy cow. 

[dselvonm]

Only saving grace is the fall was with average volume, so hoping for a speedy recovery. Not all of us are multimillionaires RJ, it hurts to be down 100k in a day. Nice to see Nva holding up nicely though, my other O&G holding.