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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

Post by Sogosohubidu201on Dec 06, 2024 1:13pm
117 Views
Post# 36349599

Updated PEA.TO Sulfur Price

Updated PEA.TO Sulfur PriceUpdated selfie prices: $202.39 ($143 USD) November 39, 2024, $128.47 Q3 2024, $103.19 Q2 2024, $94.84 Q1 2024; $128.6 in 2023, $344.42 in 2022, $182.74 in 2021. PEA produces around 0.5 million tons of sulfur annually, a big sulfur producer in Canada with about 10% market share. 80% of its sulfur is sold at $6 per ton under long term contract until the end of 2025. PEA will sell its sulfur 100% at spot price from January 1, 2026. Using Q3 sulfur price of $128.47 per ton, the difference to PEA is ($128.47 - $6) x 0.5 x 80% = $49 millions, which will significantly impact on PEA with only $69 millions market cap. Sulfur has increasing usage in green energy push: use for sulfuric acid production in exacting of copper, nickel and lithium ores as well as uranium in situ extraction besides its major use for fertilizer production.
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