RE:RE:RE:RE:RE:RE:I missed the boatI sure as heck didn't buy pea back then, and not when they were pitching an LNG project in booners Nova Scotia.
Maxmoe wrote: Yes they gave them away. Because at $2 gas, that's what they were worth. They would not have cut that deal at $8 gas. Or $5.
commonsense9 wrote: Shell gave the assets away? They were for sale for 3 years with no takers. The goal was to unload them.
I'm sure they are happy too now- they would have been left holding the bag on the liabilities they wanted off their books, if Pieridae had continued winding down. PEA was only not pushed into foreclosure because TEC did not want to be owners either. If Shell wanted the assets back, all they have to do is cut a deal with TEC to give them their pound of flash. [Remember that PEA still does not have the licences from AER. Now that they are making money instead of just pretending, they can get that done- eventually. But Shell as them, and could have the assets too if they wanted them back.]
The way it worked out no one is crying, everybody is getting close enough to what they wanted in the first place (as far as the gas fields go- the LNG plant is pure speculation). Everybody is happy.
Maxmoe wrote: This stock was just 30 cents to start the year. It has to be the best kept secret in Calgary that alfie dodged the bullet and is up 5X,6X from there. Somewhere in the bowels of shell headquarters in "the city" somebody was fired for giving away those gas assets. Somewhere at london HQ the question is ..... why aren't we shipping LNG from Canada to Europe? Or Canadian gas to USA to indirectly ship to Europe? Oops.