Paramount Resources Ltd T.POU

Cash infusion?

[Konaboy]

Can't find any explicit reference to POU's stake ?!?

Private equity firm KKR & Co 

KKR-N -2.26%decrease

 

 is seeking buyers for Canadian oil and gas producer Westbrick Energy Ltd to cash in on high energy prices, in a potential deal valued at around C$1.5-billion to C$2.0-billion ($1.13-billion to $1.5-billion), two sources familiar with the matter said on Thursday.

 

Majority owner KKR aims to strike a deal by the end of the year, one of the sources said, adding that KKR could still retain the company if it does not receive suitable offers.

Paramount Resources Ltd owns a smaller stake, according to Westbrick’s website. Paramount’s CEO, Jim Riddell, a Westbrick director, could not immediately be reached.

[MyHoneyPot]

Paramount stake is referenced in the fine print at the bottom of this slide. Westbrick Just another reason why POU has cash and assets making it significantly under valued. Another Rabbit Jumped out of JR's hat.. IMHO

[Konaboy]

Found the reference in the quarterly, but no dollar value breakdowns in the public shares.  The article suggested it was "small".

[MyHoneyPot]

The presentaion value as of Sept 30, 2022. A value of 70 million is place on private company investments, in the current presentation.  However the 16% interest in Sultran looks pretty valueable to me, and Westbrick is an over 50,000 boe/day company. I think the private investments are worth a lot more than 70 million dollars and if Westbrick is monetized we will find out.  It looks

[Konaboy]

OK, but I think we got a bit distracted from the original question, which was the value of the Westbrick investment.  Appears still no definitive answer.   Strange that such high value investments are so unclear?  Almost shrouded, cloaked, hidden, fogged, you get the idea, not overly visible in general. I'm leaning towards $5-10 million max.  Not much to get excited

[MyHoneyPot]

You evaluation would suggest that POU owns less than 1 percent of a company producing 50,000 plus boe/day. I would suggest they likely own a lot more (10X) and i would guess the value is significantly higher. IMHO