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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

Comment by mjh9413on Nov 17, 2021 3:17pm
106 Views
Post# 34137657

RE:5.50 AECO

RE:5.50 AECOYou don't give timeframe but you expect PNE to get to ~150MMcf/d. I do not see how even the increased capex for this year does much more than cover their anticipated declines, maybe a little more, but not much. What I do see is that from Nov 1 ~70mmcf/day is unhedged (unless they decided to do additional hedges after their last financials' release date), so that is I think  prospectively $8MM+ extra per qtr.(pls check my math). Guess you're right, they do need to increase production to make cf growth result in reasonable cf ratios for sp expansion..
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