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.

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Pine Cliff Energy Ltd > Yup - I like it...

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Post by zack50on Mar 08, 2023 8:17pm

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Post# 35327199

Yup - I like it...

Full year 2022 results:

EPS: CA$0.31 (up from CA$0.24 in FY 2021).
Revenue: CA$274.7m (up 82% from FY 2021).
Net income: CA$108.9m (up 34% from FY 2021).
Profit margin: 40% (down from 54% in FY 2021). The decrease in margin was driven by higher expenses.

Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has increased by 169% per year, which means it is tracking significantly ahead of earnings growth.

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