Resources Report

Paramount Resources Ltd

Feb 07, 2025

| Read Time :10 Mins

POU:TSX

Investment Type

Mid - Cap

Risk Level

Action

Rec. Price (CA$)

Section1: Commodity Update:

Canada has the third-largest proven oil reserve in the world, most of which is in the oil sands. Total Canadian proven oil reserves are estimated at 171.0 billion barrels, of which 166.3 billion barrels are found in Alberta's oil sands and an additional 4.7 billion barrels in conventional, offshore, and tight oil formations. Canada accounts for 10% of the world’s proven oil reserves. Recently, WTI crude oil futures stood around $71 per barrel. Meanwhile, US-China trade tensions persisted as Beijing imposed tariffs on American oil, LNG, and coal in response to Trump’s recent measures, though the impact is expected to be limited given China’s modest imports of US energy products.

Data Source: Government of Canada

Section 2: Company Overview and Fundamental Insights

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