Pieridae Energy Ltd T.PEA

Alternate Symbol(s): PTOAF

Energy Oil & Gas Integrated

Pieridae Energy Limited is a Canadian energy company. The Company is an upstream producer and midstream operator with core assets concentrated in the foothills of the Rocky Mountains. Its business is focused on developing and producing conventional raw natural gas and processing it into sales products that include natural gas liquids and sulfur. The Company processes these commodities by using its ownership in gas processing facilities in southern and central Alberta. It owns and operates three sour gas processing complexes at Waterton, Caroline and Jumping Pound. Its upstream assets include conventional gas reservoirs in North America. Across Alberta and British Columbia, its footprint stretches over one million gross acres of land, with ownership of three deep cut gas plants and more than 3,800 kilometers of pipelines. Its foothills include southern foothills, central foothills and northern foothills. Its southern foothills have three main fields: Waterton, Carbondale and Burmis.

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Pieridae Energy Ltd

Bullboard Posts

Comment by StockscoutXon Jan 20, 2016 10:43am

172 Views

Post# 24476380

RE:RE:Scary moments..

Keep dreaming people. Petrolia will face hard times going forward. Probably governement grants would be needed to keep them from sinking further.

Moreover, Iran is expected to flood the market with an extra 500 thousand barrels of oil and 1.5 million by the end of the year. Therefore, expect the price to drop to bellow 20 dollars a barrel and hover between 10 and 20 dollars.

Anyone buying petrolia shares is a cr*p shoot going forward because SP could continue to drop much lower in the months and years to come because of the current global economic situation and massive oil production.

All in my opinion.

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