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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 commonsense101on Oct 17, 2024 9:11am
96 Views
Post# 36269654

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Very old Shell Canada News - SHELL FINALIZES TRANSACTION WITNobody seems to have the definitive answer about Pieridae LRR.

A few years back the LRR itself seemed to be under scrutiny by the AER. Like whether it was adequate for measuring a company's financial capacity to meet longer term regulatrory obligations. This general questioning was at the same time that Shell's application to transfer the licences was before the AER- where it was the central issue.

Then Shell (and Pieridae) withdrew the applicatiion because it was doomed. I dont think there has anything public about a new application since then. But since then PEA situation has not changed substantially- they have just scrambled hard to put some room between them and the edge of the cliff.

Looks like they are positioned so they can at least make interest payments. And if they cant- AIMCO seems willing to keep giving them some more rope.

That improvement doesnt look like something AER can take to the bank.
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