Pieridae Energy Ltd T.PEA

Is Pieridae on the verge of insolvancy

[msawyer5]

Hello all..

I heard a rumour on the streets of Pincher Creek that Pieridae is on the verge of insolvency. A quick review of their financial statements shows they are at high risk and that cash flow from selling gas and condensate are keeping the company alive. Problem is that gas prices are in the toilet; currently at only $0.50 per GJ and as low as $0.04 per GJ in late September . At these prices it costs more to produce and process the gas than what the company will get in sales. Hedging is nearly done... Condensate sales can only carry them so far... Liability costs exceeding $500 million...

Has anyone else heard these rumours and if so, what are your thoughts?

[downwithdotcom1]

Hey, are you not the dude that previously posted stories of major pipeline issues that would hurt production and then disappeared?? And what's this, hedging is almost done?? Best one.."I heard a rumour of insolvency" Sure sounds like u have an agenda so go pedal your snake oil somewhere else...dwdc

[msawyer5]

Downwithdotcom1, I would have thought that investors in Pieridae would be interested in information about Pieridae's environmental, regulatory, and financial circumstances. The failed transfer of the Shell “Foothills Assets” leave enormous uncertainty about all of those issues and in the end will effects share price and ultimately shareholders (not to mention the Alberta taxpayer). Everything

[downwithdotcom1]

msawyer wrote:  Everything I have previously posted about Pieridae is demonstrably factual and relevant to making decisions about investing or not in Pieridae. So tell me what is wrong with that... let me retort:  Did you just not post that Pieridea's "Hedging is nearly done"  WRONG!!! They have 110k GJ of nat gas hedged out to 2127 at $3.50 ish , they also have

[gassygeezer]

Hmm many moons ago there was an environmentalist obstructing everything Shell PC with a very similar handle...his rumours re new gas wells at the time hitting much higher h2s initially hit the juniors SP operating such wells hard..in the end it proved factual and the increased capex/opex essentially killed the plays.and hindered Shells PC future growth/feedstock..$12 mm don't go far managing