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 > 52 Week High

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Comment by Maxmoeon Jun 06, 2022 2:18pm

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Post# 34734776

RE:RE:Re: 52 Week High

Good luck to all. I can't take the rip roaring profits any longer. At 98 the risk of something stupid in LNG was fully discounted. Now it's almost doubled the price and no longer risk free. Just my opinion. I'll redeploy into some super cheap gold/base metal plays.TTFN.

Maxmoe wrote: Not cool to pump yourself in front of others. Pne is fine but pump it on the pne board.

noname100 wrote:
I have been long on Pieridae so am happy with the bump. That said, after comparing PEA financials with Pine Cliff (PNE), I'll be weighting more towards PNE. While PNE has about half of PEA's production some keys stats (approximate) are:

Net Back per BOE: PEA $7; PNE $17
Debt: PNE has ($24M )1/10th of the debt of PEA and PNE anticipates paying off all debt in a few months. PEA will continue to pay its debt lip service.

Dividend: PNE has a 5.25% dividend; PEA 0%

IMO PEA is getting attention not only because of NG prices but still unfortunately the LNG Project which will never proceed with PEA at the helm. From the governments perspective it is a non starter because of PEA's debt level and abandonment liabilities and Shell deal issues.