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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 TheRexmemberon Nov 02, 2023 11:11am
225 Views
Post# 35713557

Strategy

Strategy

Well we could both be right here.

Phil pretty much says in every presentation that if you want to own a stock for drilling excitement to buy something else because they only drilled 10 wells in 3 years. But what they have drilled has been quite good. The easy example being the twining well that was top 10 in Alberta at one point last year. 

The liquids generate enough cash flow to cover all operating costs while they continue with the acquire and exploit model on the nat gas side. 

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