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 > No Support

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Comment by TheRexmemberon Mar 12, 2024 1:03pm

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Post# 35928736

RE:RE:RE:RE:RE:RE:RE:RE:RE:No Support

You don't get it kav.

Production is now 6000 barrels higher. Why drill?

add in 3000 barrels of liquids and now where are the cash flow numbers?

pne has hedges in place for the next few quarters on gas because they hedge in the weak months and leave exposure open for the winter. Shame about tge weather.

They need to average 1.80 gas to pay dividends, capex and debt. With the portion hedged at higher prices they are well above this. it is easy to wait out the next two quarters until cash piles onto the balance sheet next fall.

Hopefully it drops a little more so I can keep adding.

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