Oil & Gas E&P Industry | Energy Sector | Ms. Susan L. Riddell Rose B.Sc. CEO | TSX Exchange | CA7142703031 ISIN |
US Country | 46 Employees | 17 Oct 2011 Last Dividend | 30 Mar 2016 Last Split | - IPO Date |
Perpetual Energy Inc. is a prominent player in the energy sector, focusing on the exploration, production, and marketing of oil and natural gas within Canada. With its strategic headquarters located in Calgary, Alberta, the company has carved a niche for itself in the competitive energy market. Its operations are concentrated in two key areas: the deep basin of west central Alberta, known for its liquids-rich natural gas assets, and Northern Alberta, where its undeveloped bitumen leases lie. These strategic locations position Perpetual Energy Inc. as a significant contender in the exploration and production landscape, highlighting its role in tapping into Canada's vast natural resources."
Located in the deep basin of west central Alberta, these assets represent a significant portion of Perpetual Energy Inc.'s portfolio. The company engages in the exploration and production of natural gas that is rich in natural gas liquids (NGLs), substances often processed and sold separately from the natural gas. This product is essential for a variety of industrial, commercial, and residential uses, making it a valuable resource in the energy market.
Perpetual Energy Inc. also holds undeveloped bitumen leases in Northern Alberta. These leases are earmarked for future development and represent a potential growth area for the company. Bitumen, a form of petroleum, is primarily used for road construction and waterproofing, making it an important commodity in both infrastructure development and maintenance. By investing in these leases, Perpetual Energy Inc. is positioning itself to capitalize on the increasing demand for bitumen, particularly in the construction and maintenance sectors.