RE:RE:RE:Pieridae Gas Fields and Plants on the MarketThe whole thing is not for sale. But if someone wanted to buy, I'm sure for starters that Third Eye Capital (the loan holder) and Shell would be happy to sell- that would get a buyer most of the way to a majority.
It would be easy to buy.... if there were any buyers.
The gas assets for sale- I can see in the current market those being sold... even though Shell could not sell them for over 2 years until Pieridae came along. But if the assets get sold, I bet it will by a solvent company that milks the stronger assets cash cow, and quietly drops the rest.
downwithdotcom1 wrote: wow!!! this is quite a batch of assets to be put up for sale:
- 3 mostly owned gas proccessing facilities with 500mmcf/day capacity- roll those out as an infrastructure play and get 10x cashflow instead of the 1-2x being part of a gas producer
- 240 mmcf/day production of which < 50% is hedged
- potential for carbon capture using major assets already part of PEA
-significant reserves
-significant (loss) tax pools . one thing PEA was good at - losing monies
-EVERYTHING goldboro -a deal with a europeon buyer, loan guarentees, an actual site (250 cleared acres) and now looking at a floating LNG possibilty to lower costs (isn't that already a ticket to production on the west coast??)
SURELY THERE"S COMPELLING VALUE FOR A TAKE-OUT AT A PREMIUM rather than being sold off at fire sale prices.. thoughts on what this could get sold for per share??? dwdc