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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 commonsense101on Mar 24, 2023 10:44am
115 Views
Post# 35358537

RE:RE:RE:LNG

RE:RE:RE:LNGYou should read the comments by Repsol when they cancelled their LNG export project.

He was very clear- both the economic case for the LNG plant and the pipeline construction required were way off being economically viable.

LNG happens on the Gulf Coast because all the infrastructure was all there to start with.  The economics of BC LNG are questionable, with the lack of infrastructure and distances to the gas.  For the East Coast, the only 'business case' there ever was if the Germans wanted a secure supply badly enough to subsidize it to the dehree requires. Even with the war and being cut off from Russia, it turns out they did not want it THAT bad.
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