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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 > Under valued
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Post by Dazzle01 on Apr 13, 2023 7:17pm

Under valued

At the current price and assumed debt of $190MM PEA is trading at a flowing barrel metric under $8,000 a barrel. PEA would be an very accretive acquisition.
Comment by commonsense101 on Apr 14, 2023 10:47am
The acquirer would also be assuming the risk of uncertain success in applying for getting the operating licences transferred from Shell. The acquirer having a clean balance sheet would give them a better shot with AER than PEA had and has, but no slam dunk. Its not like there is a shortage of assets a potential acquirer could go after. Why this one ? As far as how it could be acquired.....  ...more  
Comment by commonsense101 on Apr 14, 2023 10:50am
Debts being assumed also includes AP. The majority of the $117MM PEA carries is not normal cash flow.
Comment by Dazzle01 on Apr 16, 2023 2:49pm
PEA likely has or is very close to having the balance sheet that will satisfy the LMR requirements.