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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

Comment by downwithdotcom1on May 31, 2022 3:41pm
130 Views
Post# 34721042

RE:RE:RE:RE:RE:I missed the boat

RE:RE:RE:RE:RE:I missed the boatsomewhere in one of PEA's financials i believe they commented that the replacement value  of the SHELL  infrastructure was $6 Billion.. maybe it was for sale for 3 years so?? DRY nat gas AT THAT TIME was easily below a $1 in the USA and even cheaper per mcf  in landlocked ALBERTA -this, being a product of years of over drilling for shale oil plus limited NAT GAS domestic demand . This made the infrastucture equally cheap at that time. THAT WAS THEN-THIS IS NOW- prices of the commoditee itself has skyrocketed due to UKRAINE/EUROPE along with increasing by the day demand requirements extending now into Canada . The gas plants are now equally valuable now due to run away material, manpower delays and by extension how that means ballooning construction costs. Will any of BC LNG projects come to fruition?? How about on the East coast??? NOW, ITS BECOMING LESS IMPORTANT for cdn gas producers because with USA LNG export facilities are now shipping 11-12 Bill cu ft of gas/day, our gas is filling the need for more localized usage.  Also, mpore and more cdn producers are getting in DIRECT- ARC energy just signed up to ship a 150 mill cu ft/day thru a Texas based LNG export facility starting in 2025. Was PEA lucky or just opportunistic?? POINT IS they bought for pennies on the dollar as compared to now. AGAIN, always with the NEGATIVE spin eh COMMONSENSE??? badmouthing the stock from DAY1 - its been a series of great trades and not a bad core holding..guess it sucks to be caught NOT HOLDING...regards, dwdc
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