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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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Comment by StockscoutXon Jan 20, 2016 10:43am
173 Views
Post# 24476380

RE:RE:Scary moments..

RE:RE:Scary moments..Keep dreaming people. Petrolia will face hard times going forward. Probably governement grants would be needed to keep them from sinking further.

Moreover, Iran is expected to flood the market with an extra 500 thousand barrels of oil and 1.5 million by the end of the year. Therefore, expect the price to drop to bellow 20 dollars a barrel and hover between 10 and 20 dollars.

Anyone buying petrolia shares is a cr*p shoot going forward because SP could continue to drop much lower in the months and years to come because of the current global economic situation and massive oil production.

All in my opinion.
Bullboard Posts
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