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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 > Tax losses. Another reason for PEA Takeover
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Post by Maxmoe on Nov 02, 2022 12:49am

Tax losses. Another reason for PEA Takeover

Any tax expert want to chime in? I'm going to spitball. Pea has $700 million of tax losses. Too bad they lost so much they generated those tax losses but with the entire industry rolling in profits, those tax losses are worth serious money. I'm going to ball park the value at 25% of $700 million because that's the rate I see big profitable producers paying in Q2. So that's $175 million in value to any company that buys pea and can use the $700 million in losses. So what? On 158 million shares outstanding, that's $1,10 per share for tax losses. So at yesterdays nose bleed close of $1.37, after subtracting the tax loss value, the buyer is paying $0.27 per share ! They should cash flow, annualized, about $1 a share when they announce Q3. Just another way of concluding somebody may buy these guys. Soon. Even if they pay a 100% premium at $2.74 per share, after subtracting the tax losses, that's still only $1.64 per share, so less than 2X cash flow.
Comment by noname99 on Nov 03, 2022 5:54am
as you said: https://seekingalpha.com/article/4552375-pieridae-energy-stock-call-option-natural-gas-price Pieridae Energy: Call Option On The Natural Gas Price Nov. 03, 2022 12:29 AM ETPieridae Energy Limited (PEA:CA), PTOAF2 Comments1 Like Summary AECO natural gas prices should move higher due to closing arbitrage between several gas markets. TC Energy's ...more  
Comment by Maxmoe on Nov 03, 2022 10:21am
I'm not a seeking alpha propaganda fan but sure, there's some facts mixed in there. Hey voodoo witchcraft jibber jabber technical chart guys, what is this pea chart?   
Comment by Maxmoe on Nov 03, 2022 10:24am
A giant check mark. https://images.app.goo.gl/wFnePQ2p6AYLpS49A