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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 Maxmoeon Aug 13, 2023 3:04am
153 Views
Post# 35585782

RE:RE:RE:strong Q2 in-spite of lower production....

RE:RE:RE:strong Q2 in-spite of lower production....

So I assume PEL is the listed corporate entity and papl the wholly owned operating company with all the production,storage,transport etc assets. 

If I find anything else about those 18.6 million warrants like cashless exercise feature or earlier than 7 year trigger, I'll post it. 

at first blush the % rate isn't usurious. 12 or 13% seems like getting off easy on the usd120 and usd30 Almost. The warrants are killer. The corp bridge of $20CDN at 18% for an 18 month term was what I was dreading for the whole piece. I'd grade the cfo a solid A, given the circumstances. A+ if the term was another 12 months of breathing room. 

Thanks again

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