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Pieridae Energy Ltd T.PEA

Alternate Symbol(s):  PTOAF

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.


TSX:PEA - Post by User

Bullboard Posts
Comment by livermore2on Nov 12, 2017 9:21am
201 Views
Post# 26947054

RE:RE:RE:RE:RE:RE:Pieridae buying Corridor????

RE:RE:RE:RE:RE:RE:Pieridae buying Corridor????None of the Quebec plays have enough financing to do anything meaningful except PEA now who have a bank line of $1B for property development from the German Government.

I have a feeling once the new legislation is complete there will be some meaningful farm in details worth hundreds of millions in development.The top tier majors are trying to get their hands on as much Natural Gas properties as they can as it is quite evident this will be the fuel of the future alongside renewable energy. Look at all the countries phasing away from Coal, Italy just yesterday - yes this means more renewables but it also means much more NG and LNG.

Those of us that are well positioned will do quite well in the coming months as all it will take is a couple of halts, some huge deal news and we are back to 2008 pricing.

GLTA


Bullboard Posts