Pine Cliff Energy Ltd T.PNE

Alternate Symbol(s): PIFYF

Energy Oil & Gas E&P

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

Pine Cliff Energy Ltd > $4.00 AN MCF and 60 CENT PRICE TARGET

<< Previous

Bullboard Posts

Next >>

Comment by Java7on Oct 27, 2020 8:05pm

71 Views

Post# 31793261

RE:RE:RE:RE:RE:$4.00 AN MCF and 60 CENT PRICE TARGET

Thx Skylar

from the bir board

Natural Gas: This Winter Presents An Asymmetric Upside Risk/Reward Profile

Oct. 27, 2020 4:16 PM ETBOIL, DGAZ, KOLD...8 Comments8 Likes

Summary

Weather will still matter, but the fundamental deficit will skew the risk/reward to the upside.
The 2019/2020 winter was the exact opposite of what we will see for the 2020/2021 winter.
Last year, we were oversupplied by 3-4 Bcf/d, while this year, we will be undersupplied by 5+ Bcf/d.
This large difference means that even if the weather outlook was just normal, the price reaction will be bullish.
For us, we think natural gas producers are the best ways to play this incoming natural gas rally. We believe the 2021 curve is undervalued despite the recent rally and the 2022 curve should also be around $3. With NG producers over discounting the curve due to fear of overproduction again, we think they are a good reasonable risk/reward bet today.