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Feds hold rates, markets partially reboundMarkets rally on inflation optimismStocks fade to end weekThis summary was created by AI, based on 5 opinions in the last 12 months.
Paramount Resources, with the symbol POU-T, is a well-managed company focusing on LNG in the deep basin of Alberta. The CEO is highly regarded and the company has a strong track record. They are debt-free, with a focus on growth and potential upside in share price. The oil and gas sectors are expected to see increased demand in the long term, and the company is poised to benefit from the energy transition into renewables. Overall, Paramount Resources is viewed favorably by experts for its management, potential upside, and strong fundamentals.
Very smart CEO. Hunting for an acquisition. Until that happens, he prefers other names. Trades at 3x at $80 oil. Only 7% free cashflow yield, as they are pursuing growth. Not the most liquid name, tough to buy.
Also owns drilling and service rig business.
Debt free which is good.
Has been buying shares.
Excellent company with strong management team.
Lots of insider ownership.
The oil and gas sectors are good for the long term and increased demand. They are volatile in the short term. There is slow but steady U.S. shale deposit exhaustion. The long term fundamentals of Paramount Resources are good. Buy 7 Hold 3 Sell 0
(Analysts’ price target is $39.00)Well respected CEO with Jim Riddell.
Tightly held company within Riddell family.
Company roughly debt free.
Seeing meaningful upside.
Potentially 100% upside in share price.
(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.
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.
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.
Paramount Resources is a Canadian stock, trading under the symbol POU-T on the Toronto Stock Exchange (POU-CT). It is usually referred to as TSX:POU or POU-T
In the last year, 3 stock analysts published opinions about POU-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Paramount Resources.
Paramount Resources was recommended as a Top Pick by on . Read the latest stock experts ratings for Paramount Resources.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Paramount Resources In the last year. It is a trending stock that is worth watching.
On 2024-03-18, Paramount Resources (POU-T) stock closed at a price of $26.5.
Good management and track record. They focus on LNG in the deep basin of Alberta. He's bullish energy. Are in the middle of a parabolic move. Benefits from nat gas paving the energy transition into renewables. The new LNG terminal can ship Canadian LNG internationally.
(Analysts’ price target is $35.38)