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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 downwithdotcom1on Jul 10, 2024 6:18pm
228 Views
Post# 36127325

RE:RE:.37 operator of legacy high H2S infrastructure

RE:RE:.37 operator of legacy high H2S infrastructure thats all we need, another ARMCHAIR CEO wanna-be...with all your awesome power why don't you just buy this company up and make yourself rich with all your so called fixes??? 

failing that, why don't you buy 10% of the company and then force to be seated on the BOD???

list of changes if i was in charge: Fill up all this unused capacity at their gas plants even if you have to offer cheaper processing fees. Better yet, did i not hear that the build value of their bought SHELL assets were somewhere around $6 billion?? How about spin these off to unlock at least some of their value where mid streamers trade @ 6,8 and even 10 times cashflow. No more ultra expensive debt as well as company hindering covenants. Maybe time to look at early negotiations for their selling of sulfur back to SHELL @ $6 tonne which expires at the end of 2025 ?? With where spot prices were this could be 10's of millions alone in additional revenues. Finally, what happened to any discussion of carbon capture that was alluded to a few years ago??

In summary, there are alot of fixes out there and i'm pretty sure they do too so stay where you are and recognise just like me you're not in charge...dwdc
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