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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 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

Bullboard Posts
Post by commonsense9on Oct 29, 2018 2:21pm
111 Views
Post# 28888941

That Pipeline Capacity PEA Pretends is Easily Expanded

That Pipeline Capacity PEA Pretends is Easily ExpandedThose transportation agreements PEA has conned people into thinking are imminent- if you look closely you will see they are refered to obliliquely and in much vaguer language than are all the other major items.

I was wondering if this article would appear here, without me posting it. And then I kind of forgot about it. I am the original background source for the author. The publication date was 3 weeks ago. But it was long before that when I was interviewed. I know he went to at least one more source in Calgary (also unmentioned as well as not named), and eventually he landed with the pipeline expert he names.

As the article says: "Regulatory review for laying of new pipe is famously fraught with delays- many proposed pipelines never make it through that process." I guess because he did not have an expert to quote on that, he did not explicitly say what we all know to be true: it takes years from the time there are formal commercial agreements- if the process ever ends. The regulatory process will be for putting new pipe in two countries, and will involve famously pipeline friendly governments in Quebec and New England.

And Pieridae does not even have an agreement to set that in motion. That was even possible until they at the very least could have hard cash to put on the table.

https://nsadvocate.org/2018/10/08/ken-summers-goldboro-lng-far-from-a-done-deal/



Bullboard Posts