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 > Q2 Results Preview

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Comment by commonsense9on Jul 13, 2021 12:37pm

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Post# 33536116

RE:Q2 Results Preview

Not a big price movement. But a lot of volume still.

Kind of looks like people are voting some confidence on Pieridae making it as a gas producer.

commonsense9 wrote: They will be reporting these sometime in August- though they could do it in July if they wanted.

Paybles rose steadily through 2020. Then for Q1 they lept from $98 to $112million.Earlier, in the March conference call Sorensen had admitted "we are working with our suppliers" on that.

This is why they could no longer afford the luxury of spending money on an LNG project that has no definite future. Time to save the furniture.

My GUESS would be that LNG development costs were slowing even before they pulled the plug at the end of Q2.

It will be interesting, and telling, to see where Accounts Payble figure is at for June 30.

Maybe someone on the board knows how many months these days in Alberta a strained producer can afford getting behind before suppliers start applying the screws.

If they announce they will be reporting results in July, I guess that will be an indication that they have some good news to report.... like the end of bleeding is in sight?