PRMRF News and Press, Paramount Resources Ltd. From 04/11/23

2023-04-11 21:30:00 ET Summary Black Bear Value Fund, LP is an opportunistic, concentrated and fundamental value investment partnership. Our short of Silicon Valley Bank and the risks of low rates. Top 5 businesses we own. Increased investment in energy. Upcoming prese...

2023-04-11 18:45:56 ET Summary Paramount Resources Ltd. owns the rig drilling subsidiary. The company has at times functioned as a mutual fund of oil and gas companies. Strategic investments continue to play a significant role. Cash flow has finally reached the point where...

2023-04-11 08:55:03 ET Summary Thirty-eight mid-cap energy producers were evaluated using a quality matrix with factors including Price/Sales, Net Income Margin, Free Cash Flow Margin, and Total Debt/Market Cap. The quality matrix is a broad effort to identify those mid-cap produc...

Summary Paramount is one of the most attractive pure play oil securities exposure. It delivers significant FCF at current prices. The 5% dividend is well covered. The risk/reward profile is attractive. I am buying the dips in oil prices but will consider selling some at US$1...

Summary Insiders own nearly half of Paramount's outstanding shares. Cash flow now funds growth, a dividend, and debt reduction. The asset story of the past remains. But it is not the main source of growth. Large insider ownership allows management to resist short-term market pre...

Paramount Resources ( OTCPK:PRMRF ) has entered into an agreement with an affiliate of Crescent Point Energy for the sale of its Kaybob Smoky and Kaybob South Duvernay properties in the Kaybob Region for cash consideration of $375M . The Assets include ~114 gross sections of land...

Summary Finances are conservative with a debt ratio way under 1. Production growth rate for the fiscal year is near the top of the industry. Long-term production growth will be likely in the high single digits. Dividend growth has been rapid as well. The dividend remains a...

Summary The Anadarko acquisition has faced unexpected challenges from the start. Good management will have in place a "just in case" plan that was likely used in the last couple of years. Operational improvements take time for a large acquisition. The second quarter report...

Paramount's total production will increase by in excess of 35% in the second semester. This will pave the way for a strong 2023 with an anticipated C$1.4B in adjusted funds flow at $85 WTI and US/C$5 NYMEX/AECO natural gas. With sustaining capex estimated at C$0.4B, the sustaining...

The purchase of Apache Canada is exceeding expectations. The company will be more traditional while living within cash flow going forward with low debt. Insiders own nearly half of the common stock. The proposal to purchase up to 10% of the shares outstanding is one of the lar...