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 operator with core assets concentrated in the foothills of the Rocky Mountains. Its business is focused on developing and producing conventional raw natural gas and processing it into sales products that include natural gas liquids and sulfur. The Company processes these commodities by using its ownership in gas processing facilities in southern and central Alberta. It owns and operates three sour gas processing complexes at Waterton, Caroline and Jumping Pound. Its upstream assets include 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 southern foothills, central foothills and northern foothills. Its southern foothills have three main fields: Waterton, Carbondale and Burmis.

TSX:PEA - Post by User

Pieridae Energy Ltd > Q1 Results

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Comment by downwithdotcom1on May 13, 2023 1:33pm

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Post# 35446985

RE:Q1 Results

Dude, look at the cup half FULL..company has one of the better hedge books that kept them in profits this quarter. The deferring of the bottle-neck and furthur drilling makes sense in these low nat gas prices. AECO was $2.50 GJ and now its barely $2..just too much nat gas out there..

On another note, what's this about SHELL providing ammendments to PEA?? why would they do this when they're buying 80% of PEA's sulfer for $5 - 6 a tonne until end 2025??? dwdc

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