Paramount Resources | StockChase
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Paramount Resources (POU-T)

Last Price Recorded: $22.1200 on 2017-11-16

ON STOCKCHASE SINCE Dec 2000

90% gas

oil/gas

Paramount Resources


Signal Opinion Expert

2017-09-22

HOLD
Paramount Resources (POU-T)

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.

oil/gas
Don Vialoux

Research Analyst, TimingTheMarket.CA & EquityClock.COM

Price: $24.750
Owned: Unknown

2017-09-18

WAIT
Paramount Resources (POU-T)

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.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $24.000
Owned: Unknown

2017-09-15

TOP PICK
Paramount Resources (POU-T)

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.)

oil/gas
Dennis da Silva

Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.

Price: $23.240
Owned: Yes

2017-07-19

BUY
Paramount Resources (POU-T)

(Market Call Minute.)

oil/gas
Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $19.390
Owned: Unknown

2017-02-15

HOLD
Paramount Resources (POU-T)

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

oil/gas
Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $17.830
Owned: No

2017-01-09

WAIT
Paramount Resources (POU-T)

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.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $16.450
Owned: Unknown

2016-09-16

HOLD
Paramount Resources (POU-T)

An interesting company. Most of their value comes from its new position in Seven Generations (VII-T). Feels there is an opportunity in this story. Management team has an excellent track record of finding assets.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments

Price: $14.910
Owned: No

2016-09-06

BUY on WEAKNESS
Paramount Resources (POU-T)

(Market Call Minute.) Made a major fabulous asset sale, and can now pay off all their debt. There is about 11,000 BOE’s a day of production. If this backed off to the $7-$8 range, it would be a Buy. Under $10, it is something to look at.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $14.630
Owned: Unknown

2016-08-18

WEAK BUY
Paramount Resources (POU-T)

Short term we have a nice little trend.  Seasonality kicks in at the end of August for Nat Gas.  It has bottomed and then a slow rocket up.  We will eventually see energy start to bottom.  We are in the short seasonality for oil right now.  It is also tied to the US$.  Risk management is really important here.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $13.450
Owned: Unknown

2016-08-09

COMMENT
Paramount Resources (POU-T)

In the process of going through a transaction of selling off their crown jewels to Seven Generations (VII-T), and expects the deal to close in the next 4-5 weeks. Going forward, this is going to be a holding company with a half a dozen or so holdings, the biggest being Seven Gens. Outside of that holding company status, there is a producer as well, and they will be trying to grow their production. It is a much better holding now than it was 2 months ago. (See Top Picks.)

oil/gas
Gerard Ferguson

CEO & Portfolio Manager, Jemekk Capital Management

Price: $12.740
Owned: Unknown

2016-08-02

DON'T BUY
Paramount Resources (POU-T)

Has a lot of respect for the family behind this company. This business is predicated upon higher commodity prices than what we see today. The goal for a commodity business is for them to get stronger through a downturn, not having to sell one of their best assets. Doesn’t think they proactively manage their balance sheet, but made some decisions around facilities and infrastructure, that if oil had stayed at $100, it would have looked really smart. With oil at $30, it almost cost them their legacy.

oil/gas
Greg Dean

Principal & Portfolio Manager, Cambridge Global Asset Management

Price: $11.690
Owned: No

2016-07-13

BUY
Paramount Resources (POU-T)

It has a rounded bottom.  We are now starting to make slightly higher lows.  If it breaks $17 then we have a complete rounded bottom.  These guys have cut costs and they can operate with lower commodity prices.  This one is prepared and it is now okay for it to go forward with the current commodity prices.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $12.200
Owned: Unknown

2016-06-27

COMMENT
Paramount Resources (POU-T)

Gas focused. Was one of the outliers last week. A debt laden company, but has a lot of levers it can pull. Improved last week as people got the impression that equity markets were once again open for companies to raise capital. He is not sure that applies to this company. The large shareholders in this company are much more interested in riding out the cycle as opposed to impairing their company with fire sale prices for their assets. Thinks it will be one of the preferred names to play in a recovering natural gas environment.

oil/gas
Gerard Ferguson

CEO & Portfolio Manager, Jemekk Capital Management

Price: $9.260
Owned: Unknown

2016-05-03

SELL
Paramount Resources (POU-T)

(Market Call Minute.) Great assets and a great amount of debt. Feels they need to raise money here. If you own, Sell and buy it back closer to $6.50-$7.

oil/gas
John O'Connell, CFA

Chairman and CEO, Davis Rea

Price: $7.890
Owned: Unknown

2016-04-28

COMMENT
Paramount Resources (POU-T)

Very gassy, but it is wet gas, so they have some cash flow that goes up and down with oil prices. Well-managed. It will have its time again. If he is right and there is a $4-$5 pullback, this will probably pull back to $7, which would be a better entry point. (He owns the bonds.)

oil/gas
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $9.380
Owned: Yes

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