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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 Maxmoeon Jul 18, 2022 4:26pm
108 Views
Post# 34832542

RE:RE:Open door to the export of natural gas in eastern Canada

RE:RE:Open door to the export of natural gas in eastern CanadaHuh? Canada is so screwed up, eastern Canada to be more fair. The repsol facility in Saint John NB is for IMPORTING nat gas. Mostly for use by giant industrial Irving group. People in that 18th century part of the world heat their homes with friggin wood more than with nat gas. So why would repsol want gas from pea? There is no way to get it from alberta to new Brunswick. Repsol imports LNG by tankers, I presume from the US gulf or maybe Caribbean. Which is mind numbingly stupid with so much gas stuck out west and no pipe through Quebec. the sable island gas pipe that runs through NB is running on fumes which pea dreamt could be reversed to export from NS, but yeah, why wouldn't any gas reversing through Maine just go as far as repsol in NB? In theory, as pea demonstrated, just in theory, gas produced out west could load into pipelines feeding USA and indirectly via swaps, jvs, and some hocus pokus, there could be gas reversed through Maine that , theoretically, could be ascribed to pea production. But gas from the Marcellus has got to be a few 1000 km closer and way cheaper after transport from say Pennsylvania vs alberta to repsol. It is interesting to note that Irving sold its interest in that LNG plant to repsol not long ago. And not at a firesale price.  Irving, for anyone outside NB and not familiar with them, rarely sells anything. Especially not potentially valuable NB infrastructure assets.  Repsol ain't talking much about New Brunswick. It's a very large multinational, formerly spanish government integrated oil/gas company. Which , by the way , probably has more than enough gas production to supply the little LNG plant in NB if they choose to reverse the flow and export it from NB.
noname99 wrote: Pieridae could sell the gas to Repsol.  That could be the better for everybody


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