Pieridae Energy Ltd T.PEA

Pieridae LNG project news

[Ikeros]

https://canadatoday.news/nb/canadas-pieridae-in-talks-with-the-government-tc-energy-over-an-east-coast-lng-project-2-10720/

[noname100]

https://boereport.com/2022/09/22/pieridae-in-talks-with-government-and-tc-energy-about-east-coast-lng-project/  

[commonsense9]

Nearly 20% drop since this announcement that maybe Goldboro is back in play. Coincidence? Or, the market doesnt like wasting money on this endless chase?

[Maxmoe]

It's a political call, not an economic one. No way investors will finance this so the saving grace is it won't happen without massive government subsidy that absorbs all, or almost all, risk of this project. Maybe the second or third LNG plant on the east coast will be attractive as an investment without government. Hasn't anybody, like local yocals and Indians asked what hurricane

[Maxmoe]

Q3 is on the books now. I'm WAY more interested in Q3 cash flow, debt reduction etc. just the normal boring stuff away from the east coast. How about the hedge book? Are we locked in at higher prices than a year ago or are we less hedged? How many days until drills start turning, and how many days until Toronto fires up their furnaces? Overnight close to 0 forecast next week should do it.

[Maxmoe]

Finally, some sign of life here. Snow in the Midwest ? Hint of snow in Toronto? Yes gas investors, winter is coming, and all things gas are good. And there is no strategic gas reserve to flood the market. 

[Hightowntrader]

It's been a great Indigenous Summer, but it looks to be ending...Crank up the T-stats!

[Zach88]

testosterone

[Maxmoe]

Nuts