Pieridae Energy Ltd T.PEA

Pieridae Gas Fields and Plants on the Market

[commonsense9]

Shell has a now very long running attempt to transfer the operating licences to Pieridae. Shel being the actual applicant to AER. Shell got an adjournment of the process until September 30. Just before that expired they asked for a second extension until January 30.

Presumably to justify that, as an update, Shell posted with the AER the PDF of Peters and Co that is soliciting offers for the assets.

The term loan Pieridae has for all those assets comes due in 2 years. They have paid no principal, and have no means of paying the upwards of $270 million and growing. So somebody is pushing this "strategic review"- where if a buyer can be found the proceeds will go to pay off that debt.

Pieridae provided the Peters and Co. prospectus to the AER, but has not posted it om their website, or to SEDAR.

[commonsense9]

I dont think a PDF can be posted. But if you go to this Google link, it is the first item. https://www.google.com/search?q=peters+and+co+pieridae&rlz=1C1GCEA_enCA948CA948&ei=GlxcYevHE7Gc_QbQsKhQ&ved=0ahUKEwjrvILjuLPzAhUxTt8KHVAYCgoQ4dUDCA8&uact=5&oq=peters+and+co+pieridae&gs_lcp

[commonsense9]

Direct link to Peters and Co PDF

[downwithdotcom1]

wow!!! this is quite a batch of assets to be put up for sale: - 3 mostly owned gas proccessing facilities with 500mmcf/day capacity- roll those out as an infrastructure play and get 10x cashflow instead of the 1-2x being part of a gas producer - 240 mmcf/day production of which < 50% is hedged  - potential for carbon capture using major assets already part of PEA -significant reserves

[commonsense9]

The whole thing is not for sale. But if someone wanted to buy, I'm sure for starters that Third Eye Capital (the loan holder) and Shell would be happy to sell- that would get a buyer most of the way to a majority. It would be easy to buy.... if there were any buyers. The gas assets for sale- I can see in the current market those being sold... even though Shell could not sell them for over 2

[downwithdotcom1]

INCORRECT...july 2nd was for the potential sale of GOLDBORO, july 26th was the potential sale of the WHOLE company....why else would they included the list of assets in the PETERS& CO pdf??? see below...dwdc CALGARY, ALBERTA – July 26, 2021 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today announced the Company has initiated a formal process to identify

[commonsense9]

If you want to believe every release is the literal truth, fill your boots.Those stock phrases are dished out for every company doing a strategic review. When you find a real prospectus for the LNG business- like the Peters and Co one for the gas assets- you can tell us about it.

[downwithdotcom1]

why would you say that??? these are the company's WORDS not mine..notice that i used the word "POTENTIAL"??   do i know if any/all of PEA will be sold -NO...but then again NEITHER DO YOU..point is the stock is up again on stronger volumes ..now 25%+ since tues..jeez for someone that calls themselves "commonsense" you sure have a lack of it with your postings

[commonsense9]

Sure, common sense would tell people that any company to do with gas is going to be worth more. And Pieridae is cheap to buy a position in. So, of course the SP will go up.

[downwithdotcom1]

...60k shares trade mon   300k shares traded tues   600k shares traded weds almost 500k shares traded mid way thur and up another  10% and you think nothings going on??? commonsense?? YOU"RE anything BUT!!!  dwdc

[commonsense9]

So you are on record saying that something is going on with Pieridae- like some announcement must be in the offing. I'm on record that it is only high gas prices (that are not just short term) that are behind the buying. We shall see.

[downwithdotcom1]

I DON"T DRINK BEER WITH THE CEO. so i don't know.....the market right now is telling us maybe something is up...tell me a gas stock up 25%+ in 3 days ON INCREASING VOLUMES...dwdc

[commonsense9]

Show me another gas stock so cheap and with such a small risk for buying into. We can go on like this forever. Or not.