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Pine Cliff Energy Ltd T.PNE

Alternate Symbol(s):  PIFYF

Pine Cliff Energy Ltd. is a Canada-based company that is engaged in the acquisition, exploration, development and production of natural gas and oil in the Western Canadian Sedimentary Basin and also conducts various activities jointly with others. The Company's operating areas include Central Assets, Edson Assets and Southern Assets. Its Central Assets include Ghost Pine and Viking Kinsella areas of Central Alberta. Its Southern Assets includes Monogram unit, Many Islands / Hatton properties, Pendor, Cadillac and Wymark, Black Butte and Eagle Butte areas. Its Edson Assets include Mcleod River and Pine Creek, and Carrot Creek. The Company operates and sells its natural gas to the common Alberta natural gas price hub, Alberta Energy Company (AECO), and the Company also sells to four other gas markets: Aden, TEP, DAWN and Empress.


TSX:PNE - Post by User

Bullboard Posts
Comment by calgamiltonon Dec 27, 2017 1:38pm
121 Views
Post# 27231920

RE:Lost in the Wilderness - Alberta's Oil & Gas

RE:Lost in the Wilderness - Alberta's Oil & GasI will partially agree with you. We can't seem to get our Oil and Gas resource to tide water. But Ralph Klein was a big proponent of the single customer strategy. Ralph had zero foresight  and focussed only on the US. He lobbied against any "national energy strategy", saw no need to expand his customer base in Canada, and certainly never gave a second thought to oversees exports. Of course given the environment at the time it is easy to understand his tendencies. But Alberta has suffered from a gross lack of forward looking leadership since the Lougheed days and the lack of vision is now coming back to bite us where the sun doesn't shine. Our policy has been to approve every project that is proposed and assume that there will always be a strong US appetite for our hydrocarbons.
On the Federal side we desperately need a strong government with a national vision. We certainly don't need Pierre Trudeau industry killing policy but we need a national energy strategy. Unfortunately the current government is much too political and idealistic to make the hard decisions and much too weak to enforce policy for the good of nation at large. We are still the same country that built the transcanada pipeline, the transcanada highway, the sea to sea railway etc. Our forefathers must be rolling over in their graves when they see the stagnation in nation building policy and the wimpy current day politicians who refuse to deal with difficult problems.
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