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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

Post by Dazzle01on May 11, 2023 5:51pm
299 Views
Post# 35444227

Q1 Results

Q1 ResultsWell that was the poorest Quarterly report I have read in somw time. Little and unclear messaging I guess they have no plans to resolve the bottle nect on the 6-30 well.  They didn't give any production forcast whether it will be maintained or continue to deteriorate, no comments on hedging etc,
It's time to review the management and the effeciveness of the Board of Directors there appears to be a lack of leadership and nothing to move the stock.
It's time to purse a recap and change of management as well as the board of directors, the strategic review process was useless and obviously the Management and Board are too comfortable to make tough decisions. The comapny is languishing due to lack of vision and likley in-experience in running a natural gas company. 
I can only hope the conference call went better then the press release if anyone bothered to call in.  
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