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.

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Pieridae Energy Ltd

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Post by commonsense9on Jun 05, 2019 3:56pm

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Post# 29800717

Won't any FID equity investors end up owning it all ?

I think PEA could get away with a fairly modest initial equity investment for the FID everyone is waiting for. Assuming Germany will follow up with billions in loans, the FID could be accompanied by say, a half billion $$ in equity investment. (A lot less than is typical for an LNG plant.)

Even assuming there are investors ready to invest in this leaky boat... with a 78 cent stock price, does Alfred Sorensen have any negotiating room for what the investors get?

Anyone(s) looking at putting in several hundred million is only going to do that because they know something CONCRETE (not just beliefs) that the rest of us do not know. Fine, but why would anyone doing that settle for anything less than owning most of the company?

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