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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum Paramount Resources Ltd T.POU

Alternate Symbol(s):  PRMRF

Energy Oil & Gas E&P
Paramount Resources Ltd. is a Canada-based energy company. The Company explores and develops both conventional and unconventional petroleum and natural gas. It also pursues longer-term strategic exploration and pre-development plays and holds a portfolio of investments in other entities. Its principal properties are located in Alberta and British Columbia. The Company's operations are organized... see more

TSX:POU - Post Discussion

Paramount Resources Ltd > The price of oil
View:
Post by MaterialsMan on Dec 07, 2023 9:55am

The price of oil

I have a feeling that the recent downward spiral is probably related to the oil price softening.
As soon as I saw that Putin was headed to the UAE for a meeting, at high risk, I knew it wasn't for a social visit.
An announcement came out this morning that all OPEC+ members were being strongly encouraged to get with the program.
Namely to participate in the effort to keep prices stable.
That should be good news for Paramount.
Comment by WillyGreen on Dec 07, 2023 1:52pm
Nothing to worry about with pou. Dont get margined out. 
Comment by MaterialsMan on Dec 07, 2023 4:54pm
The early news of a production cut is beginning to look as if there will be a wait and see period. If OPEC+  members don't join Russia and Saudi Arabia in cutting back production to sure up the price, I think it will affect the SP of POU. Particulars do not seem to matter when it comes down to which companies will be affected by commodity price changes. All companies within the sector ...more  
Paramount Resources Ltd