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.

TSX:PEA - Post by User

Pieridae Energy Ltd > Stock price target of $1.10 over the next 6-12 months

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Comment by gassygeezeron Oct 12, 2024 12:45pm

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Post# 36263971

RE:RE:Stock price target of $1.10 over the next 6-12 months

So If Shell can't transfer any licences/permits etc,wouldn't Shell retain all the liabilities (doubt ancilliary contracting for such would be enfroceable past recoverables) and PIE is underwritten by AIMCO, Pie can continue operations until hedging becomes negative or pricing improves...imo a unique,sweet scenario in a sour environment...I'd be shorting AIMCO but can't so probably be reliant upon them for my pension instead lol

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