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Bullboard - Stock Discussion Forum
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.
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TSX:PEA - Post Discussion
Pieridae Energy Ltd
> Warrants
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•••
Hierochloe
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Post by
Hierochloe
on Apr 08, 2021 10:33am
Warrants
Any comments on the issuance of 5 million warrants @ 0.70 to Erikson National Energy?
(29)
•••
commonsense9
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Comment by
commonsense9
on Apr 09, 2021 1:25pm
Pretty simple really. Erikson / Third Eye has the term loan. They are business vultures. The 15% cash interest they get is just breakeven for them. That isnt making money. Their potential for making money is if the LNG project goes ahead. So from Day 1 they get lots of shares. Worth nothing now, lots if the project goes ahead. Pieridae is in default of loan covenants in multiple ways. Not
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