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 > Whitecap Model

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Comment by Maxmoeon Nov 02, 2023 10:21am

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Post# 35713359

RE:Whitecap Model

kavern23 wrote: My guess is PNE is going to pivot towards the "whitecap model" on the certus assets.

What Whitecap does is they buy into a high quality oil and gas play...they then use CF from legacy mature assets to fund a 3-5 well drilling program in this new play with the expectation well results are so good revenue wise, that a drilling program can be sustained on CF from the flush production of the 3-5 wells. Play becomes self funding.

This is why Whitecap has become so sucessful.

Whitecap got those glaucy locations in garrington from i think buying timerrock. Whitecap is hiting such good wells that play is for sure self funding and Whitecap doesnt have to sink any new capital in.

But it is hard to do as you need the wells to be really good.

"This is why Whitecap has become so sucessful."
Huh? Stock price is my yardstick. WCP got through $10 per share nearly 2 years ago. Since then, nothin. Zzzzz. Pne hasn't been much better but it at least has the upside leverage to natgas prices. Unless the debt forces a hedging program that caps that. Booooo!

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