Pieridae Energy Ltd T.PEA

Cheap valuatio

[Frediboy]

Hi group just wondering about the valuation , market cap vs production.
So roughly 40 000 boe/ day for a market cap of 100 millions.
This is nowhere close of any other oil and gaz company
Even if we would go 5 X at 500 millions we would still be way bellow the peers.
Some negative points i see is the fact that they could not completed the paper work on the shell assets buy out .
They operating a high cost , hardly making any money but that should change ...
What are you guys thinking about that ? Shouldn't this company be a 2$ plus in this environement ??

[commonsense9]

The debt is massive. Well over $400 million. There will have to be a restructuring, because even with finally turning profits they cannot pay that off. And abandoning the attempt to get the operating licences transferred from Shell- thats not just some paperwork. Sounds like a penny stock to me- one where if  a restructing happens, and if there is a solution to the operating licences (AER

[downwithdotcom1]

some valid points BUT their condensate HEDGES came to the end at the end of 2021 and this alone was worth more than $2 mill per month in extra rev and that was at $85 usd..right now this translates now to maybe $4 mil extra plus add in the percentage drop in hedged nat gas along with strengthening nat gas pricing, all this new revenue could be meaningfull...look at Baytex, a heavy oil producer

[commonsense9]

We probably agree that there is no reason to expect the stock to be trading higher than it is. Anybody's call whether it has real potential for big gains.  I will make one prediction- if there is an announcement that say, the federal government has agreed in principle to give PEA a billion in aid.... when the stock runs up, after it plateaus, cash out. As to the value of the Alberta

[BigFanLNG2018]

$300 million in debt and accounts payable. 

[commonsense9]

Q3 most recent statement shows $243million long term debt. But since then the $50million "fee" to loan sharks was not paid when due, and was added to the term loan. Plus there are more "in kind" interest "payments" added. Minus the portion of the "fee" already accounted for in the $243million total, and you get around $283 million in long term debt. AP was