Cavvy Energy Ltd (OTCPK:PTOAF)
$ 0.34 +0.014 (+4.3%) Market Cap: 100.88 Mil Enterprise Value: 208.45 Mil PE Ratio: 0 PB Ratio: 1.08 GF Score: 33/100
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Q1 2025 Pieridae Energy Ltd Earnings Call Transcript

May 8, 2025 / 07:30 PM GMT
Release Date Price: $0.23

Key Points

Positve
  • Pieridae Energy Ltd (PTOAF) successfully completed the sale of its Goldboro LNG asset, using the proceeds to extinguish high-cost bridge loans.
  • The company raised over $33 million through a private placement and shareholder rights offering.
  • Pieridae Energy Ltd (PTOAF) received shareholder approval for a name change to Cavi Energy Limited, marking a strategic pivot towards profitable Western Canadian energy development.
  • The company is realizing material growth in its third-party processing business, with significant increases in processing volumes at the Caroline gas plant.
  • Pieridae Energy Ltd (PTOAF) is on track to deliver high investment returns from optimization projects funded by the rights offering proceeds, expecting to meet or exceed performance targets.
Negative
  • Q1 2025 production was lower, and per barrel operating costs were higher due to an unscheduled 38-day outage at the Jumping Pound gas plant.
  • The company faces challenges with high fixed operating costs in shut-in areas, impacting overall operating expenses.
  • Pieridae Energy Ltd (PTOAF) experienced a significant unplanned outage at the Jumping Pound plant, affecting production and revenue.
  • The company's sulfur production is currently under a fixed-price contract, limiting revenue potential until the contract expires at the end of 2025.
  • There is ongoing volatility in natural gas prices, which may lead to temporary production shutdowns in certain areas.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PEA.TO - Pieridae Energy Ltd
Q1 2025 Pieridae Energy Ltd Earnings Call
May 08, 2025 / 07:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, ladies and gentlemen, and welcome to the Paraday Energy annual general and special meeting and Q1 2025 Financial results conference call. Please be advised that today's proceedings are being recorded.

Following the formal business of the meeting and brief management presentation, we will conduct a question and answer session.

If you have a question and you are viewing on webcast, please use the Ask a question button in the top right hand corner to type your question at any time during the presentation.

If you are participating via telephone and would like to ask a question, please dial 11 at any time. You will then be in the queue for the question and answer session at the end of the call.

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