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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 Oct 12, 2024 1:27am
28 Views
Post# 36263649

RE:RE:RE:Is Pieridae on the verge of insolvancy

RE:RE:RE:Is Pieridae on the verge of insolvancymsawyer wrote:  Everything I have previously posted about Pieridae is demonstrably factual and relevant to making decisions about investing or not in Pieridae. So tell me what is wrong with that...

let me retort: 
Did you just not post that Pieridea's "
Hedging is nearly done"  WRONG!!!
They have 110k GJ of nat gas hedged out to 2127 at $3.50 ish , they also have 1.3k bbls of C5 hedged out to 2127 and right now their C5 hedges HAVE BEEN COSTING THEM  as opposed to you comments of "carrying them"

Put another way , PEA has 
$74.6 MM unrealized gains from hedges as of Aug 9, 20 24 and 75% of forecasted volumes hedged over the next 24 months...


Did you not also post that "I heard a rumour that Pieridae is on the verge of insolvency"  seriously, a rumour...just how does that make this "factual"??

As for financials, how about at the end of 2025, PEA can sell all of their sulpher into the spot market at substantially higher prices..the company calls this "a significant catalyst to unlocking incremental shareholder value beginning in 2026"

Finally, what about your previous posts about degrading pipework that would curtail production and then their production numbers came out and they were actually HIGHER...

i rest my case so flake off....dwdc
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