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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 > I missed the boat
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Comment by commonsense9on Jun 01, 2022 10:29am
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Post# 34723100

RE:RE:RE:RE:RE:RE:RE:RE:I missed the boat

RE:RE:RE:RE:RE:RE:RE:RE:I missed the boatI dont know how much fair value had to do with it.

But it was going to take $270million to pay off TEC. PEA had additional debts of around $150million- if those were not paid off as well they would have been in a position to make selling a problem, if possible at all.

Maxmoe wrote: It's also possible the strategic review did not result in a deal because nobody offered fair value. I would not agree nobody was interested. Just nobody was willing to pay the offer. Id bet the offer was much,much higher than where the stock was pounded down to. Of course tec would say no to any ridiculous stink bid no matter how low the stock was driven. Sorry snakes, can't out slither one of your own.


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