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.

TSX:PEA - Post by User

Pieridae Energy Ltd > And another 52 week high

<< Previous

Bullboard Posts

Next >>

Comment by pppon May 26, 2022 8:53am

108 Views

Post# 34708568

RE:And another 52 week high

Aeco prices need to catch up, just over 6 at the moment but futures from jun22 into next spring looking real strong at just under 8. they received just under 5 for Q1. Net backs should be over 20 a bbl in H2.

The company is looking real good going forward. They have proven they need very little capx to keep production flat, so this windfall in gas prices should take care of the high priced debt. Lets hope they don't get any pie in the sky ideas and spend a bunch of money dusting off the LNG story again.

<< Previous

Bullboard Posts

Next >>

TELUS adds 347K customers in Q3