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.

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Pieridae Energy Ltd > Insider COO bought 119k shares at 0.25

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Post by Sogosohubidu201on Oct 09, 2024 12:35pm

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Post# 36259554

Insider COO bought 119k shares at 0.25

PEA.TO chief operating officer bought 119300 shares of PEA.TO at 0.25 October 2, 2024. AECO price also rises to close to $1.8 Canadian dollars today. This months price is around $1.98. Forward AECO price in the range of $2.25-2.60 next 12 months. PEA break even price of free cash flow is around $2.1 Canadian dollars. PEA.TO should be in a position to generate free cash flow going forward. With $29 millions of recent fund raising, it is now in a solid position financially.

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