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 > European Natural Gas Shortage

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Comment by commonsense9on Feb 11, 2022 1:52pm

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Post# 34421077

RE: European Natural Gas Shortage

This is finally true. But PEA has crushing debt. It looks like Third Eye Capital is going to have to take a restructuring bath on the term loan. But until they do, there is only potential shareholder value in that cash flow.

Not to mention the unesolved problem that Shell holds the operating licences still, and has given up on being able to transfer them to PEA. The current situation cannot continue indefinitely.