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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

Comment by ofirmeon Jun 21, 2021 5:57pm
160 Views
Post# 33424680

RE:RE:RE:RE:RE:RE:RE:RE:End of Day there is only 8 Trading Days Left.........

RE:RE:RE:RE:RE:RE:RE:RE:End of Day there is only 8 Trading Days Left.........Here is where I am having troubles: Sorensen says that as a toller alone he could have 
 gotten the financing. thats a very straight forward proposition: Maritime is reversed and 
 runs at full capacity. rates are rather low as expenses are rather low and at the end of 
 NS offshore its an almost stranded asset. its a no brainer. 
U.S Northeast would love to use it as another outlet and that is it. why reject that?
Second item is the co2 capture - that alone (with a 900MW plant) is worth many times the
 current value of Pieridae. they could just sell it to reduce debt (by a lot), which would 
 make lots of sense (recover much of the purchase for which the debt was issued).
If you those two items, you float value and eliminate debt. at that point you have $50M
 fcf. 
Anyway - just a thought.
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