Paramount Resources Ltd T.POU

Why are people selling?

[Oilman50]

Over 959,000 shares trades hands today. With share price under $30 and a meaningful dividend on the pay I understan why people are buying but why are they selling at this price. Is something going on behind the scenes?

[PabloLafortune]

Exxon Gauntlet.

[WillyGreen]

Nothing to worry about. Market risk off today. I would look at paramount as a cash play right now. $29.54 per share with a $10-15 special in 3 months. Once that is paid out, back to an growth story. 

[PabloLafortune]

Exxon has given notice to the industry of the commodity prices they're comfortable with for the next 5 years, while growing production (drill baby drill) and free cashflow.   Which they plan to achieve with new oil and gas technologies applied in the Permian basin. Exxon is not a politician nor are they some guy like me on the internet. When they say something, the market listens

[MyHoneyPot]

My understanding is that in the Permain, and other basins, they are in the process of building a lot of Gas Processing infastructure because reduced flaring is one of the enviromental objectives that companies like Exxon thought were acheivable and reasonable.  I believe that may drive up costs in those basins, and places like the Eagles Ford where a lot of flaring takes place today. 

[PabloLafortune]

Couple things I forgot to mention: - Trump said drill baby drill and he said he wanted energy costs to go down. Coincidentally, thats what Exxon is doing. - the market cap of energy companies - save for a few Exxons - is a rounding error compared to that of tech companies. For example, in order for EQT to have a $2T market cap ie similar to the largest tech companies - instead of $20B, they

[Moemoney42]

So Pablo.. what numbers for crude prices was Exxon touting they want/need for the next 5 years..?

[PabloLafortune]

By 2030, at a 2024 dollar real Brent price of $65 per barrel, a real Henry Hub price of $3 per mmbtu, and a real TTF price of $6.50 per mmbtu, the company plans to deliver an additional $9 billion in Upstream annual earnings potential – more than 50% higher than in 2024. 

[WillyGreen]

Come on boys props for Mr. Green. 

[WillyGreen]

Rookie - say I was right. 

[RookieReturns]

If your that needy of reassurance, ok...  Willy green was correct. 

[WillyGreen]

Thank you.