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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 > NVA shares
View:
Post by Canstamps53 on Jul 25, 2024 8:26am

NVA shares

Is it possible the POU is using thr proceeds of the sale of its shares in NVA to buy back its own shares? Just a thought.
Comment by WillyGreen on Jul 25, 2024 5:53pm
No chance of using the proceeds from nva to buyback pou shares. The Riddell family own 47% of the float. 3-4 parties own approximately 12-15%.  Buying the shares back would limit an already thinly traded stock. Would rather have pou sell nva, keep 50% of the proceeds, and divvy out the balance to existing shareholders so I can add  more. 
Comment by Canstamps53 on Jul 29, 2024 4:33pm
The only reason I asked that question is the renewal of the NICB by POU...do they actually intend to buy some shares or???
Comment by WillyGreen on Jul 29, 2024 5:07pm
Didn't buy back a single share last year. Good to have in place but ..:
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