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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 custom processor of natural gas, natural gas liquids, condensate, and sulphur from the Canadian Foothills and adjacent areas in Alberta and in northeast British Columbia (BC). It owns and operates three sour gas processing complexes at Waterton, Caroline and Jumping Pound. Its footprint covers over a million gross acres (807,000 net acres) in the Foothills and makes up 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 the southern foothills, central foothills and northern foothills. Its southern foothills have three main fields: Waterton, Carbondale, and Burmis. The Company also has a production facility in the Northern Foothills of Alberta and in Northern BC.


TSX:PEA - Post by User

Pieridae Energy Ltd
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Post by StockscoutXon Jul 16, 2015 2:32pm
64 Views
Post# 23930989

Cheap Iranian oil is going to be flooding the market!

Cheap Iranian oil is going to be flooding the market!There is already a global over production of oil by 2 million barrels a day. Now that a nuclear deal was signed between the USA and Iran, sanctions will be gradually lifted. Soon, at least 500 thousand barrels daily will flood the market by Iran and be ramped up to 4 million barrels going forward. Its going to make the extraction of oil on the Anticosti Island by PEA very expensive, unprofitable and at a loss by todays barrel of oil prices.

All in my opinion.
Bullboard Posts
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