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Bullboard - Stock Discussion Forum 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... see more

TSX:PEA - Post Discussion

Pieridae Energy Ltd > Re: 52 Week High
View:
Post by noname100 on Jun 06, 2022 1:12pm

Re: 52 Week High

I have been long on Pieridae so am happy with the bump. That said, after comparing PEA financials with Pine Cliff (PNE), I'll be weighting more towards PNE. While PNE has about half of PEA's production some keys stats (approximate) are:

Net Back per BOE: PEA $7; PNE $17
Debt: PNE has ($24M )1/10th of the debt of PEA and PNE anticipates paying off all debt in a few months. PEA will continue to pay its debt lip service.

Dividend: PNE has a 5.25% dividend; PEA 0%

IMO PEA is getting attention not only because of NG prices but still unfortunately the LNG Project which will never proceed with PEA at the helm. From the governments perspective it is a non starter because of PEA's debt level and abandonment liabilities and Shell deal issues.

Comment by Maxmoe on Jun 06, 2022 2:15pm
Not cool to pump yourself in front of others. Pne is fine but pump it on the pne board.
Comment by Maxmoe on Jun 06, 2022 2:18pm
Good luck to all. I can't take the rip roaring profits any longer. At 98 the risk of something stupid in LNG was fully discounted. Now it's almost doubled the price and no longer risk free. Just my opinion. I'll redeploy into some super cheap gold/base metal plays.TTFN.
Comment by downwithdotcom1 on Jun 06, 2022 8:52pm
YO MOE...all profits GOOD..still, more hedges rolling off...a fool and his money...just sayin' ...dwdc
Comment by Maxmoe on Jun 07, 2022 4:10pm
Yup all good. There's no fool like an old fool. I guess I can't stand having too many huge winners so I need to di-worsify.
Comment by ppp on Jun 06, 2022 7:07pm
Not so fast. Pea still has more CF because of more production. Less EV value also. remember as the debt gets paid the Net Backs go up. PEA paid just under 15 mil last quarter for debt service. But PNE is a good company also. IMO depends on Nat gas prices if they stay high PEA if they drop PNE is the better buy.