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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

Post by zack50on Mar 19, 2022 5:44pm
291 Views
Post# 34528801

Current price @ $0.96

Current price @ $0.96For those of you who follow Shubham Garg at White Tundra Investments, here are his price targets which calculate fair share prices 12 months out at different levels of WTI/AECO pricing scenarios. The PTs are based on an 8x FCF model.

Calculations were done based on the following figures, as of March 13th...

WTI... $95.72 USD/bbl
WCS... $82.72 USD/bbl
AECO... $4.51 CAD/GJ
TTF... $41.50 CADmmBTU

2022 FCF/EV... Yield at Strip... Actual % = 24.5
2022 FCF/EV... Yield at Strip... Unhedged = 25.7

WTI/AECO @ $70/$3.50 --- TP @ $0.90
WTI/AECO @ $80/$4.00 --- TP @ $1.43
WTI/AECO @ $90/$4.25 --- TP @ $1.76

WTI/AECO @ $100/$4.50 --- TP @ $2.09
WTI/AECO @ $110/$4.75 --- TP @ $2.41
WTI/AECO @ $120/$5.00 --- TP @ $2.74


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