Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
JOIN THE CLUB
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
GO AD-FREE

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you downgrade to Basic or cancel with-in 10 days of first subscribing, we will refund your payment upon request. Immediately after downgrading or cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Pieridae Energy Limited (V:PEA)

Business Focus: Oil & Gas Exploration and Production

Log in or join to add this stock to your watch list.
Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEDAR
Company Contact
Address: 1718 Argyle street,, suite 730 Halifax,
HALIFAX NS B3J 3N6
Tel: N/A
Website: https://pieridaeenergy.com
IR: See website
Key People
Myron A. Tetreault
Executive Chairman of the Board
Alfred B. Sorensen
Chief Executive Officer, Director
Melanie Litoski
Chief Financial Officer
Joanie Proteau
Director of Finance
Martin Belanger
President - Production
Thomas Dawson
Chief Operating Officer and President - LNG
Thomas Ciz
General Counsel, Corporate Secretary
Jean-Yves Laliberte
Manager - Health, Safety, Environment, and Regulatory Affairs
Mabrouk Ouederni
Operations Manager
Business Overview
Pieridae Energy Ltd is Canada-based company engaged in energy infrastructure and development. The Company is focused on liquefied natural gas (LNG) opportunities. The Company is developing a fully integrated LNG infrastructure business and is contracting and partnering with world-class resource supply companies and off-takers in its commitment to create a fully integrated LNG project. The Company is developing Goldboro LNG, which consists of an LNG processing facility, storage tanks and marine works. The facility is located at the Goldboro Industrial Park in Guysborough County, Nova Scotia, Canada. The natural gas supply feeding the project is to be delivered via the existing Maritimes & Northeast Pipeline, located directly adjacent to the project.
Financial Overview
For the fiscal year ended 31 December 2018, Pieridae Energy Ltd revenues increased from C$90K to C$2.7M. Net loss increased from C$8.8M to C$34.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Administrative expenses increase from C$1.1M to C$7.5M (expense), Operating Expenses increase of 82% to C$9.1M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $105.04M as of Mar 31, 2019
Annual revenue (TTM): $2.73M as of Mar 31, 2019
EBITDA (TTM): -$17.28M as of Mar 31, 2019
Net annual income (TTM): -$34.87M as of Mar 31, 2019
Free cash flow (TTM): -$9.39M as of Mar 31, 2019
Net Debt Last Fiscal Year: $42.54M as of Mar 31, 2019
Shares outstanding: 76,221,990 as of Mar 15, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization