Bullboard - Stock Discussion Forum Pieridae Energy Ltd T.PEA

Alternate Symbol(s): PTOAF

Energy Oil & Gas Integrated

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

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Pieridae Energy Ltd > PEA sulfur prices and production

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Post by Sogosohubidu201 on Nov 09, 2024 3:07pm

PEA sulfur prices and production

Sulfur prices: $94.84 Q1 2024, $103.19 Q2 2024, $128.47 Q3 2024; 128.6 in 2023, $344.42 in 2022, $182.74 in 2021. PEA produces around 0.5 million tons of sulfur annually, a big sulfur producer in Canada with about 10% market share. 80% of its sulfur is sold at $6 per ton under long term contract until the end of 2025. PEA will sell its sulfur 100% at spot price from January 1, 2026. Using Q3 sulfur price of $128.47 per ton, the difference to PEA is ($128.47 - $6) x 0.5 x 80% = $49 millions, which will significantly impact on PEA with only $69 millions market cap. Sulfur has increasing usage in green energy push: use for sulfuric acid production in exacting of copper, nickel and lithium ore besides its major use for fertilizer production.

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