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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 May 09, 2019 12:14pm
147 Views
Post# 29729401

Article Pans PEA

Article Pans PEABuit the SP just went up 20% in half an hour !!

https://nsadvocate.org/2019/05/09/dark-clouds-gathering-for-goldboro-lng-plant/

T
he rout was already underway before he put this article up. Since he barely touched in the article on what he had told me, I have repeated that below

commonsense9 wrote: I might have suspected that noname100 is the evil greenie journalist Ken Summers, except he called me two days ago and told me something I did not know about the pipeline capacity.

He said that Pieridae has MOU with TransCanada and Enbridge for paying the development costs to do the engineering required for estimating the costs of capacity expansions on their pipeline systems. Financing sources from PEA to pay for the construction required would have to part of the long promised transportation agreements- another milestone that seems to have slipped off the radar screen.

Folks may remember that he ran a story quoting a Calgary pipeline analyst saying that even the first train of Goldboro could not be supplied without new construction on the Montreal to Portland pipe- contradicting PEAs claim that only "capacity enhancements" are required.

I thought he said these MOU were in footnotes to the January Corporate Presentation. I am sure he said they were fine print footnotes. Either I got wrong which public PEA document they are in, or I missed them when I went through that slide deck.

Anyway, he has another article coming out.

Bullboard Posts