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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 > Very old Shell Canada News - SHELL FINALIZES TRANSACTION WIT
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Comment by msawyer5on Oct 12, 2024 10:43pm
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Post# 36264274

RE:RE:RE:RE:RE:RE:Very old Shell Canada News - SHELL FINALIZES TRANSACTION WIT

RE:RE:RE:RE:RE:RE:Very old Shell Canada News - SHELL FINALIZES TRANSACTION WIT
Sogosohubidu... You know not of which you speak. Pieridae merged with Ikkuma in 2018 at a reported cost of $94.6 million. Shell sold the so-called Foothills Assets to Pieridae in 2019 for a reported $190 million. Part of the Shell Foothills Assets are included in what Pieridae describes on thier webpages as "Central Alberta" (Jumpingpound and Caroline). As for AIMCo, it is a Crown Corporation that is supposed to manage various Government pension funds that also use thi=se moneies to advance the Government political adgenda, whivch includes supporting the Oil and Gas industry. AIMCo's investment in Pieridae is one more "Red Flag" that P{ieridae is in serious financial difficulty.
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