Professional
Added to YB: 2024-09-27
Pitch date: 2024-09-26
POU.TO [bullish]
Paramount Resources Ltd.
+95.04%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
Paramount Resources Ltd., an energy company, explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada.
Market Cap
CAD 2.3B
Pitch Price
CAD 12.92
Price Target
N/A
Dividend
3.81%
EV/EBITDA
2.85
P/E
7.00
EV/Sales
1.32
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Why NCP is upping energy exposure: New Position - Paramount Resources Ltd.
POU.TO: Canadian E&P w/ dominant condensate production in Alberta Montney. 6.9% monthly dividend, sustainable to low $50s. Zero net debt, $1bn credit facility. Bullish on condensate & natural gas into 2025. Respected Riddell family management, large ownership. Organic growth focus, recent Montney acreage acquisition.
Read full article (2 min)