Paramount Resources

POU-T

TSE:POU

7.43
0.33 (4.65%)
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.
More at Wikipedia

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.
(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.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$7.850
Owned
No
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.
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.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$8.550
Owned
No
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.
(A Top Pick May 25/18, Down 49%) He sold it a while ago and now owns no energy.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$7.550
Owned
No
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.

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.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$15.130
Owned
No
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.

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.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$12.940
Owned
No
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.

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.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$12.940
Owned
Unknown
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.

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.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$15.110
Owned
Unknown
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)

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)

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$14.910
Owned
Yes
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.

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.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$17.270
Owned
No
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.

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.

Don Vialoux
Research Analyst, TimingTheMarket.CA & EquityClock.COM
Price
$24.750
Owned
Unknown
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.

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.

Josef Schachter
President, Schachter Asset Management
Price
$24.000
Owned
Unknown
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.)

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.)

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$23.240
Owned
Yes
BUY
BUY
July 19, 2017

(Market Call Minute.)

(Market Call Minute.)

Veronika Hirsch
Chief Investment Officer, Arrow Capital
Price
$19.390
Owned
Unknown
HOLD
HOLD
February 15, 2017

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

Paramount Resources (POU-T)
February 15, 2017

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

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$17.830
Owned
No
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.

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.

Josef Schachter
President, Schachter Asset Management
Price
$16.450
Owned
Unknown
HOLD
HOLD
September 16, 2016

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.

Paramount Resources (POU-T)
September 16, 2016

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.

Swanzy Quarshie
Portfolio Manager, Sentry Investments
Price
$14.910
Owned
No
BUY WEAKNESS
BUY WEAKNESS
September 6, 2016

(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.

Paramount Resources (POU-T)
September 6, 2016

(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.

Josef Schachter
President, Schachter Asset Management
Price
$14.630
Owned
Unknown
WEAK BUY
WEAK BUY
August 18, 2016

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.

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.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$13.450
Owned
Unknown
COMMENT
COMMENT
August 9, 2016

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.)

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.)

Gerard Ferguson
CEO & Portfolio Manager, Jemekk Capital Management
Price
$12.740
Owned
Unknown
DON'T BUY
DON'T BUY
August 2, 2016

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.

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.

Greg Dean
Principal & Portfolio Manager, Cambridge Global Asset Management
Price
$11.690
Owned
No
BUY
BUY
July 13, 2016

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.

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.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$12.200
Owned
Unknown
COMMENT
COMMENT
June 27, 2016

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.

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.

Gerard Ferguson
CEO & Portfolio Manager, Jemekk Capital Management
Price
$9.260
Owned
Unknown
SELL
SELL
May 3, 2016

(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.

(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.

John O'Connell, CFA
Chairman and CEO, Davis Rea
Price
$7.890
Owned
Unknown
COMMENT
COMMENT
April 28, 2016

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.)

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.)

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$9.380
Owned
Yes
DON'T BUY
DON'T BUY
April 22, 2016

They were building a massive facility to bring on a lot of natural gas, from the Montney, etc., and the problem was that they added a lot of debt. They finished 2015 at $1.7 billion of debt against $548 million of equity. Sold to Pembina under a contract basis to use the facilities, and they’ll pick up about $500 million which they can use to pay down some debt. On the positive side, it is trading at a significant discount to BV $5.18. His view is that the debt is still too high.

They were building a massive facility to bring on a lot of natural gas, from the Montney, etc., and the problem was that they added a lot of debt. They finished 2015 at $1.7 billion of debt against $548 million of equity. Sold to Pembina under a contract basis to use the facilities, and they’ll pick up about $500 million which they can use to pay down some debt. On the positive side, it is trading at a significant discount to BV $5.18. His view is that the debt is still too high.

Josef Schachter
President, Schachter Asset Management
Price
$8.760
Owned
Unknown
COMMENT
COMMENT
March 18, 2016

Needed to raise some cash, and it was just announced Pembina Pipelines would be picking up the Musreau facility for $556 million.

Needed to raise some cash, and it was just announced Pembina Pipelines would be picking up the Musreau facility for $556 million.

Gavin Graham
Trustee, Pointbreak ETFs
Price
$8.170
Owned
Unknown
COMMENT
COMMENT
March 17, 2016

Had been waiting for quite some time for some conclusion to the sale of their Musreau deep cut facility, and it was just announced that Pembina Pipelines would be picking up that asset. The $556 million was to the lower end of the range. This company has some great assets and long-term optionality.

Had been waiting for quite some time for some conclusion to the sale of their Musreau deep cut facility, and it was just announced that Pembina Pipelines would be picking up that asset. The $556 million was to the lower end of the range. This company has some great assets and long-term optionality.

Mason Granger
Portfolio Manager, Sentry Investments
Price
$9.570
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
January 14, 2016

(Top Pick Nov 5/14, Down 91.09%) The main issue is debt. We had high expectations in 2015. They missed every quarter in meeting those growth expectations. The cash flow is behind and now the debt is relatively high.

(Top Pick Nov 5/14, Down 91.09%) The main issue is debt. We had high expectations in 2015. They missed every quarter in meeting those growth expectations. The cash flow is behind and now the debt is relatively high.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$4.370
Owned
Yes
WATCH
WATCH
December 7, 2015

A great long term resource company. Balance sheet is key in this business. The reason they are getting smoked right now is because they have a lot of debt. Offsetting that they have hidden assets, but they are all oil and gas holdings. It trades like a small cap because of the small float.

A great long term resource company. Balance sheet is key in this business. The reason they are getting smoked right now is because they have a lot of debt. Offsetting that they have hidden assets, but they are all oil and gas holdings. It trades like a small cap because of the small float.

Alex Ruus
Portfolio Manager, Arrow Capital Management
Price
$5.890
Owned
Unknown
COMMENT
COMMENT
December 2, 2015

They have some challenges with cash flow because their plant is not ramping up as well as had been expected. This has created some production curtailment which has impacted their production numbers. Assets are excellent and she thinks their issues are temporary for the most part. At this valuation, she thinks it makes a lot of sense to consider the story. She is not bullish on natural gas, but if that changes this company would be a consideration.

They have some challenges with cash flow because their plant is not ramping up as well as had been expected. This has created some production curtailment which has impacted their production numbers. Assets are excellent and she thinks their issues are temporary for the most part. At this valuation, she thinks it makes a lot of sense to consider the story. She is not bullish on natural gas, but if that changes this company would be a consideration.

Swanzy Quarshie
Portfolio Manager, Sentry Investments
Price
$8.160
Owned
No
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