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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 Maxmoeon May 25, 2022 12:58pm
113 Views
Post# 34706675

RE:RE:RE:RE:RE:$$ ;

RE:RE:RE:RE:RE:$$ ;I've given up long ago trying to calculate equivalence of our stupid attempt at metrification of energy markets. I'm stuck at barrels of oil. I mean wtf is a barrel and how does one even buy one today, but that's the standard. Nat gas is mcf period. I wouldn't know a gigajoule if I tripped over it. American investors will absolutely not be bothered doing math so if pea or anyone else doesn't provide the data in mcf and b/d then Americans will just avoid the stock. Is that part of the problem with pea? Under owned by Americans? Kudos for the math, it's dead on balls accurate. I'll stick with energy equivalent 6:1 for oil to nat gas and note how useless the resulting boe/d calculation is. I can't remember the last brief moment oil (wti$us) was 6:1 with gas(hhub$us). I've always used 10:1 because the math is easier to do in my head. But even that ratio has notoriously over valued nat gas. It's frustrating but it's part of the reason gas stocks are still so undervalued at hhub $8 plus for spot and near futures. Especially pea.  
ppp wrote: Better yet use this calculator.

https://www.kylesconverter.com/energy,-work,-and-heat/gigajoules-to-barrels-of-oil-equivalent


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