Pieridae Energy Ltd T.PEA

@ the Bell: U.S. Federal Reserve holds rates steady … for now

[Jon Brown]

Canada’s main stock index was down on Wednesday where an early nudge from commodities kept the TSX buoyed until falling under by close. read article.

[YesSetForLife]

 I want to invest in oil   anything below $2 Is PNE a good company ? I'm also looking at GXE and PEA because they are cheaper? I have $7000 to buy something

[Maxmoe]

Maybe a subsidized housing complex for immigrants. Cheap land in that part of our country. 

[commonsense101]

From what I have heard, it sounds unlikely the sale has been finalized. I think about the only thing that can be counted on, is that they are going to sell.

[noname99]

The amount of the transaction was not released.  Only that Scotia Bank has financed this acquisition

[Jon Brown]

TSX dropped thanks to technology stocks once better-than-expected inflation data riled fears the Bank of Canada would raise interest rates. read article.

[commonsense101]

They paid $3 million for the property. Its not a hot commodity. And I doubt any of the bidders want it that bad.

[noname99]

How much they paid for Goldboro?  I think that was 50$M.  I'm not sure.  Someone remember?

[Dazzle01]

The sale could have a significant impact in further reducing debt, which would allow them to move forward with their drilling program. What portion of their production is liquids?

[commonsense101]

Final nail in the coffin for the LNG dreams. Been hearing rumours for a few weeks that it was sold. Story in allNS a couple days ago (no urls, and they disable copying). Pieridae is quoted as saying

[Jon Brown]

Cannabis has managed to see a boost in performance among many stocks. The U.S. government is reconsidering how it classifies marijuana. read article.

[PressRelease]

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATESCALGARY, Alberta, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) announces that the Board of Directors has appointed Darcy Reding as President, Chief...read article.

[PressRelease]

Continued Commitment to Sustainable Energy Production NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATESCALGARY, Alberta, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) is pleased to release its 2023...read article.

[Maxmoe]

I was reading the ceo board for pea about the kuppy maxim. Very funny, and true. Just the link provided, there are a couple overly colourful adjectives.  https://twitter.com/hkuppy/status

[Maxmoe]

So I assume PEL is the listed corporate entity and papl the wholly owned operating company with all the production,storage,transport etc assets.  If I find anything else about those 18.6

[Maxmoe]

Thanks

[noname99]

here https://www.pieridaeenergy.com/news-release/pieridae-announces-successful-refinancing-lower-cost-debt-addition-commodity-hedges STRUCTURE OF THE FINANCING  USD $120 million, 45-month

[Maxmoe]

I've been frozen in the headlights of an LNG plant for years. Somebody turned the truck off finally. So now I'm looking for an upside catalyst. The refi was crucial but REALLY one sided. 18