Paramount Resources Ltd T.POU

Buyback!

[pkrash]

228K share buyback posted for Nov.
Let's go!!!

[Quintessential1]

Hey poo! They are evapourating capital off of tha balance sheet! Or are they? ;-) GL Fellow Investor 

[Quintessential1]

Ok all kidding aside. It is a good sign that they bought back the max allowed in a month/week after the bump in share price. Under TSX rules, a maximum of 60,582 Common Shares may be purchased under the NCIB in any one day, representing 25% of the average daily trading volume of the Common Shares on the TSX for the six months ended May 31, 2024 of 242,331 Common Shares.  Paramount

[MyHoneyPot]

Exactly buying back shares is likely a great move at this time.  The shares a worth likely $50 - $100 dollars so buying back at this price, and not having to pay a special dividend on them. Its all bonus.  I just don't like share buybacks that are not material, and they want you to sign up to 10 years of share repurchases, while not paying you a material dividend.  IMHO MHP

[MyHoneyPot]

They don't buyback share generally speaking but when cash and securities in hand equate to almost $27 dollars there might be a good reason to buy back shares.  The buyback of shares simply confirms POU is trading at a significant discount.  IMHO MHP

[Quintessential1]

Yeah, yeah poo you don't have to convince me I advocate buy backs remember? Now how many shares do you think they can buy back between now and special div time? The entire NCIB would be nice. GL Fellow Investor.

[MyHoneyPot]

Your going to have to buy me lunch or something... IMHO MHP

[Quintessential1]

You're going to have to earn it. Check out WESTBRICK Energy and see if it's a good fit for a sub $2 billion buy for POU. https://www.westbrick.ca/ GL Fellow Investor