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Paramount ResourcesPOU.TOPAST TOP PICKDec 02, 2014Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
(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.
A past top pick. He likes it. It's viewed as a natural gas stock, but it's really a condensate. Paramount missed its last quarter due to weather and a problem at a plant. It's a misunderstood stock. They run it like a private company and don't always tell investors what they're doing. Buy it on dips.
(A Top Pick Dec 16/13. Down 7.62%.) Although it is gas and it has huge growth, it pre-funded the growth with a leveraged balance sheet, so it has acted relatively poorly in the last month, more so than what he would have thought. It is only going to take about 6 months for a ton of cash flow to come in, because they are already up and producing. When that happens and the debt gets paid back, it is going to look fine. He would Buy it for new clients today.