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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 4 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 company has a strong track record and is debt-free. Analysts are bullish on the stock, citing the potential benefits from natural gas paving the energy transition into renewables and the new LNG terminal's ability to ship Canadian LNG internationally. However, there are concerns about the stock's liquidity and its pursuit of growth. Overall, the long-term fundamentals of Paramount Resources are considered good, despite short-term volatility in the oil and gas sectors.
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)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.
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, 2 stock analysts published opinions about POU-T. 1 analyst 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.
2 stock analysts on Stockchase covered Paramount Resources In the last year. It is a trending stock that is worth watching.
On 2024-04-25, Paramount Resources (POU-T) stock closed at a price of $31.58.
His first natural gas recommendation in ages. It will be a long, strategic holding. Based on $4 natural gas next year, this will be the least expensive North American stock. The CEO owns 45% of the company and he's methodically about M&A. Without recent acquisitions, they'd be debt free. He hopes they buy a countercyclical buy in gas. Maybe they can. Are not buying back shares, but growing production 10% annually. Pays a 4% dividend. Projects 72% upside.
(Analysts’ price target is $36.45)