Paramount Resources

POU-T

TSE:POU

7.44
0.01 (0.13%)
Paramount Resources Ltd. is a Canadian petroleum company that was incorporated in 1978. The company is involved in the exploration, development, production, processing, transportation and marketing of natural gas and its byproducts and crude oil.
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Analysis and Opinions about POU-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
May 28, 2019
(A Top Pick May 25/18, Down 47%) Sold it more than 6 months ago. Nothing wrong with this company but suffers with the rest of the Canadian group.
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(A Top Pick May 25/18, Down 47%) Sold it more than 6 months ago. Nothing wrong with this company but suffers with the rest of the Canadian group.
DON'T BUY
DON'T BUY
April 26, 2019
A big condensate company that has struggled to execute. The market is waiting for them to deleverage. He would not buy them today. If you are bullish condensate, he would Nuvista or Kelt.
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A big condensate company that has struggled to execute. The market is waiting for them to deleverage. He would not buy them today. If you are bullish condensate, he would Nuvista or Kelt.
PAST TOP PICK
PAST TOP PICK
March 19, 2019
(A Top Pick May 25/18, Down 49%) He sold it a while ago and now owns no energy.
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(A Top Pick May 25/18, Down 49%) He sold it a while ago and now owns no energy.
PAST TOP PICK
PAST TOP PICK
September 28, 2018

(A Top Pick September 15/17 Down 38%) This is the third version of this company, he suggests. Now a 90,000 boed producer it has stagnated with a large natural gas position. There is inconsistency in delivering economic results. He likes their assets, but he has gone to the sidelines to wait for that consistency to develop. They are trying to move their portfolio to include 45% liquids.

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Paramount Resources (POU-T)
September 28, 2018

(A Top Pick September 15/17 Down 38%) This is the third version of this company, he suggests. Now a 90,000 boed producer it has stagnated with a large natural gas position. There is inconsistency in delivering economic results. He likes their assets, but he has gone to the sidelines to wait for that consistency to develop. They are trying to move their portfolio to include 45% liquids.

DON'T BUY
DON'T BUY
September 14, 2018

It is a fine company, he says, but would prefer to back other management teams who are doing a better job paying down debt. He is bullish heavy oil differentials for next year, so is targeting other companies.

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Paramount Resources (POU-T)
September 14, 2018

It is a fine company, he says, but would prefer to back other management teams who are doing a better job paying down debt. He is bullish heavy oil differentials for next year, so is targeting other companies.

COMMENT
COMMENT
September 14, 2018

Energy should get a bump with positive news. Enjoyed a good run in 2016 to mid-2017, then went sideways. If this falls below $12, then something significant is going on, but right now it looks okay.

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Paramount Resources (POU-T)
September 14, 2018

Energy should get a bump with positive news. Enjoyed a good run in 2016 to mid-2017, then went sideways. If this falls below $12, then something significant is going on, but right now it looks okay.

BUY WEAKNESS
BUY WEAKNESS
June 26, 2018

A past top pick. He likes it. It's viewed as a natural gas stock, but it's really a condensate. Paramount missed its last quarter due to weather and a problem at a plant. It's a misunderstood stock. They run it like a private company and don't always tell investors what they're doing. Buy it on dips.

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A past top pick. He likes it. It's viewed as a natural gas stock, but it's really a condensate. Paramount missed its last quarter due to weather and a problem at a plant. It's a misunderstood stock. They run it like a private company and don't always tell investors what they're doing. Buy it on dips.

TOP PICK
TOP PICK
May 25, 2018

They get a premium to Western Canadian Select oil for their liquids. They missed their last quarter due to weather and their facilities, which is short-term in nature. So, the stock has pulled back under $15, which is a definite buy. This is midjudged as a gas stock. An energy play. (Analysts' price target: $21.22)

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They get a premium to Western Canadian Select oil for their liquids. They missed their last quarter due to weather and their facilities, which is short-term in nature. So, the stock has pulled back under $15, which is a definite buy. This is midjudged as a gas stock. An energy play. (Analysts' price target: $21.22)

DON'T BUY
DON'T BUY
May 4, 2018

He would not own this stock. They have too much operational risk. Their funding is dependent on asset sales and management is vague on where future value is going to come from.

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He would not own this stock. They have too much operational risk. Their funding is dependent on asset sales and management is vague on where future value is going to come from.

HOLD
HOLD
September 22, 2017

Seasonality, gassy stocks tends to be quite positive this time of year, from September through until the end of the year. This is showing some encouraging signs. Technically, it has just broken above resistance level and has established an upward trend. Also, it is outperforming the market. Momentum indicators are positive. If you own, stick with it until approximately the 2nd week in December.

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Paramount Resources (POU-T)
September 22, 2017

Seasonality, gassy stocks tends to be quite positive this time of year, from September through until the end of the year. This is showing some encouraging signs. Technically, it has just broken above resistance level and has established an upward trend. Also, it is outperforming the market. Momentum indicators are positive. If you own, stick with it until approximately the 2nd week in December.

WAIT
WAIT
September 18, 2017

They have had a wild record. Management has done a fantastic job of selling assets. You want this management backing you in an energy bull market.

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Paramount Resources (POU-T)
September 18, 2017

They have had a wild record. Management has done a fantastic job of selling assets. You want this management backing you in an energy bull market.

TOP PICK
TOP PICK
September 15, 2017

Has been a great performer. He would say this had 3 lives in the last year. 1.) A poor performance in 2016 when it got caught in low commodity prices forcing them to sell almost $3 billion in assets to pare down from 60,000 to 10,000 BOE’s a day. 2.) Being a liquids rich producer grew the 10,000 to 30,000. Executed according to plan and the stock has probably gone from $13 to almost $25 through that process. 3.) Just acquired Apache Canada and merged with Trilogy, and now back to 90,000 BOE’s a day. (Analysts’ price target of $25.)

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Paramount Resources (POU-T)
September 15, 2017

Has been a great performer. He would say this had 3 lives in the last year. 1.) A poor performance in 2016 when it got caught in low commodity prices forcing them to sell almost $3 billion in assets to pare down from 60,000 to 10,000 BOE’s a day. 2.) Being a liquids rich producer grew the 10,000 to 30,000. Executed according to plan and the stock has probably gone from $13 to almost $25 through that process. 3.) Just acquired Apache Canada and merged with Trilogy, and now back to 90,000 BOE’s a day. (Analysts’ price target of $25.)

BUY

(Market Call Minute.)

HOLD
HOLD
February 15, 2017

This has had a nice move over the last year. They’ve shed some non-core assets.

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Paramount Resources (POU-T)
February 15, 2017

This has had a nice move over the last year. They’ve shed some non-core assets.

WAIT
WAIT
January 9, 2017

They did a good deal with VII-T. They build long term assets before the stock got beat up. It has recovered nicely. If the price of oil comes down then it is possible after the winter we could see lower prices of $4-5. Hold off and wait until about late Q2 of this year.

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They did a good deal with VII-T. They build long term assets before the stock got beat up. It has recovered nicely. If the price of oil comes down then it is possible after the winter we could see lower prices of $4-5. Hold off and wait until about late Q2 of this year.

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