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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 7Twiggyon May 18, 2022 12:36pm
145 Views
Post# 34692674

IMO Insider selling only thing keep the lid on this play

IMO Insider selling only thing keep the lid on this playVolume now 4.34 million. Share price not hitting my 2.00 prediction bet yet, however I suspect it could be insider Disbrow selling again.. With out the Insider sells I think we would be well over 2.00 by now.  CEO.ca gives a good summary of his mainly continuing selling this past week.  Just wish he would sell his large to chunk to someone and get it over with.  If I was Phil, I would be pi--ed. Maybe he did un load some big positions at the start and that was the high volume.
Normally I would be worried about this kind of Insider selling, however in this case we know the 2nd quarter results are again going to be spectacular with 6 weeks of higher prices already in the can. Will really get interesting if we see another analyst or two added.  If you have not started a position now, this most likely presents itself as a good buying opportunity. Dividend starts on June 30.
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