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

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Post by StockscoutXon Jun 20, 2016 2:19am

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Post# 24978985

Is there a connexion?

Could it be possible that Philippe Couillard ties with Saudia Arabia, number one oil producer in the world, have influenced his decision to go against PEA development and maybe others in Quebec on the Anticosti island? It maybe explains why P.Couillard is against Quebec possibly producing oil in the future? The Saudies depend on high oil prices to not fall in the red on the bottom line. Therefore, would any cut down of production accross the globe or stopping one from coming into production long term would work to their interest?

All in my opinion.

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