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 > I missed the boat

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Comment by commonsense9on May 31, 2022 3:54pm

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Post# 34721080

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

The gas assets were up for sale again (the "Strategic Review," and not passively, from last summer through the end of January. Gas prices were way up, and everyone knew they would stay up at least for years. No takers this time either.

And the choice of whether to sell was not up to Sorensen and the Board. Shopping the assets around was forced on them by the TEC sharks. But no one wanted to buy, so Alfred and company got to stay in the game.

Like I said, the way things have turned out, everybody gets to be happy. Shell did not and does not want the assets. Nobody else did, even recently. The people who have the assets are happy, and more reason to be happy all the time.