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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 downwithdotcom1on Mar 06, 2022 8:10pm
133 Views
Post# 34488763

RE:RE:Cheap valuatio

RE:RE:Cheap valuatio some valid points BUT their condensate HEDGES came to the end at the end of 2021 and this alone was worth more than $2 mill per month in extra rev and that was at $85 usd..right now this translates now to maybe $4 mil extra plus add in the percentage drop in hedged nat gas along with strengthening nat gas pricing, all this new revenue could be meaningfull...look at Baytex, a heavy oil producer, literally weeks away from bankruptcy-massive debt, dividend eliminated, out of money hedges - it was trading as low as 30 cents -now at $5+ in less than 2 years..and now...the fight for freedom could actually result in some form of GOLDBORO coming to fruitition.. a risk?? yes !! didn't see this chain of events but i always felt the investment was worthwhile..as for others .the biggest risk is to GET CAUGHT NOT HOLDING right commonsense???
dwdc
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