CA - Paramount Resources: Buy For The Monthly Dividend Stay For The Stock Price Rise
2024-03-07 18:11:58 ET
Summary
- Paramount Resources Ltd. guidance was adjusted for the weather, a divestiture, and low natural gas prices.
- The company is generating cash at a fantastic level from current production and maintaining a growth outlook.
- Paramount Resources is essentially debt-free and has grown to be a major player in basins near Alberta, Canada.
- This is one of the few companies that can pay a decent dividend and grow.
- Paramount Resources is shutting-in dry gas production until natural gas prices improve. A recovery of natural gas prices could send the stock price soaring.
Paramount Resources Ltd. ( OTCPK:PRMRF ) management recently adjusted guidance to account for weather, a divestiture, and a shut-in of dry gas production until natural gas prices improve. But this cash flow machine still has growth plans in place. That shut-in natural gas production will be back at some point in the future. In the meantime, this company should be generating a lot of cash from the current production, even if it is reduced, while maintaining a growth outlook....
Paramount Resources: Buy For The Monthly Dividend, Stay For The Stock Price Rise