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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 > absolutely stellar quarter
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Comment by mjh9413on Aug 04, 2022 12:50am
179 Views
Post# 34870188

RE:absolutely stellar quarter

RE:absolutely stellar quarterYep looked good even without Edson Impairment reversal (non-cash) but those perpetual fixed price AECO contracts (currently 30,100mcf/day out to October 2022 at about $3.78, which contributed to overall 10% less than AECO avarage price in latest qtr., always makes me interested in learning who the counterparty might be...mainly, is it an arm's length party.  Oh well...
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