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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (34160)	9/15/2017 8:24:05 PM
From: Goose94	Read Replies (2) of 202367

Paramount Resources (POU-T) top pick from Dennis da Silva on BNN.ca Market Call tonite Friday Sept 15th @ 1730ET An intermediate liquids rich gas producer. Out of the penalty box after a reset from selling core producing Montney asset late 2016 to Seven Generations then recently buying Apache Canada/Trilogy to end up at 90,000 boepd (50 per cent bigger) and delever the balance sheet from $1.3 billion to $480 million of debt. New version is a larger, more diversified company with a top tier balance sheet and more levers aside from the core Montney plays at Karr and Wapiti (Apache) plus the long term potential of Trilogy's Duvernay acreage. We bought when no one wanted the stock after disposition in late 2016 and have been well rewarded when the company achieved 30,000 boepd with original Karr asset (started at 10,000 boepd). Probably going to sell 20,000 boepd of non-core assets including royalties which will likely eliminate debt again.

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