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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 May 03, 2023 7:39pm
115 Views
Post# 35428872

RE:annual general meeting & release Q1, May 11

RE:annual general meeting & release Q1, May 11 I'm looking forward to reading about the impact of the amendments to the shell deal for sulphur and condensates. I'm assuming the amendments were beneficial to pea. Especially sulphur. It was effective Dec 22, so the changes should show up in Q1. At least partially. It's all about the debt refinancing and whether it can be done without equitholders getting roasted and better cashflow in Q1 would sure help. All the screeching about hedges hurting cashflow when gas was rocketing should now be replaced by a few mumbles at least about how those same forced hedges are now paying off. Maybe. Let's see if there is enough in Q1 to justify taking a big position in this name or if I'll stay on the fence another quarter. GLTA. 
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