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 > Alberta gas price

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Comment by commonsense9on Mar 23, 2022 10:51am

205 Views

Post# 34537625

RE:Alberta gas price

Correct.

Now they turn a slight profit, instead of grossly massaging the numbers every Quarter.

BTW- they made out like bandits in 2020, compared to the market. From being forced to hedge. They were happy at the time to claim it was their own brilliance.

So it was a wash. Hedging in 2020 kept them afloat. In 2021 it kept them down.