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 > Shell Transfer Applications Set for an AER Public Hearing

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Comment by ofirmeon May 19, 2021 5:37pm

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Post# 33234855

RE:RE:RE:RE:RE:RE:RE:Shell Transfer Applications Set for an AER Public Hearing

I apologize, but you neglect a few things:
1. they are 60% hedged (right now they are hedging less, but current production is still).
2. breakeven on eps (if you ignore the lng project - which we should not) means large fcf.
you have depreciation etc. in the gaap p&l.

Again, I strugle to see the reasoning for buying the Shell package with high interest loan
unless it is a bargain.
The lng project should be put aside / unloaded. the value in it would be when the Marcelius
twin in Quebeck be allowed to be developed. otherwise, only Enbridge can make money
out of it.

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