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 > Cheap valuatio

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Post by Frediboyon Mar 05, 2022 10:17am

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Post# 34486609

Cheap valuatio

Hi group just wondering about the valuation , market cap vs production.
So roughly 40 000 boe/ day for a market cap of 100 millions.
This is nowhere close of any other oil and gaz company
Even if we would go 5 X at 500 millions we would still be way bellow the peers.
Some negative points i see is the fact that they could not completed the paper work on the shell assets buy out .
They operating a high cost , hardly making any money but that should change ...
What are you guys thinking about that ? Shouldn't this company be a 2$ plus in this environement ??

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