Pieridae Energy Ltd T.PEA

Re: 52 Week High

[noname100]

I have been long on Pieridae so am happy with the bump. That said, after comparing PEA financials with Pine Cliff (PNE), I'll be weighting more towards PNE. While PNE has about half of PEA's production some keys stats (approximate) are:

Net Back per BOE: PEA $7; PNE $17
Debt: PNE has ($24M )1/10th of the debt of PEA and PNE anticipates paying off all debt in a few months. PEA will continue to pay its debt lip service.

Dividend: PNE has a 5.25% dividend; PEA 0%

IMO PEA is getting attention not only because of NG prices but still unfortunately the LNG Project which will never proceed with PEA at the helm. From the governments perspective it is a non starter because of PEA's debt level and abandonment liabilities and Shell deal issues.

[Maxmoe]

Not cool to pump yourself in front of others. Pne is fine but pump it on the pne board.

[Maxmoe]

Good luck to all. I can't take the rip roaring profits any longer. At 98 the risk of something stupid in LNG was fully discounted. Now it's almost doubled the price and no longer risk free. Just my opinion. I'll redeploy into some super cheap gold/base metal plays.TTFN.

[downwithdotcom1]

YO MOE...all profits GOOD..still, more hedges rolling off...a fool and his money...just sayin' ...dwdc

[Maxmoe]

Yup all good. There's no fool like an old fool. I guess I can't stand having too many huge winners so I need to di-worsify.

[ppp]

Not so fast. Pea still has more CF because of more production. Less EV value also. remember as the debt gets paid the Net Backs go up. PEA paid just under 15 mil last quarter for debt service. But PNE is a good company also. IMO depends on Nat gas prices if they stay high PEA if they drop PNE is the better buy.