Post by
Bubba1 on May 05, 2022 11:44am
Free Cash
Company presentation says they expect 148 million free cash this year after capex and dividend . No plan for the free cash. Does anyone know what they are saving up for? They could have paid out a lot more to shareholders. No buybacks either. 5% return to shareholders is ridiculously low in my opinion
Comment by
Skylar1 on May 05, 2022 12:40pm
The extra cash will be for acquistions as they are looking now based on BNN interview and Phil has said in the past they were always looking.
Comment by
snowshoedb on May 05, 2022 1:20pm
Where is Chicken Little AKA "Wrong Again" MrT2020? Is the sky falling. NOT!!!
Comment by
Skylar1 on May 05, 2022 3:07pm
I sent wrong again to Russia on a free trip remember , the war started , last i heard he was in a Russian prison . lol
Comment by
7Twiggy on May 05, 2022 2:03pm
A post from Yahoo finance. "Rumour has it PNE.TO is buying another company based out of Sask. Announcement maybe as soon as tomorrow." Reply
Comment by
FreeCashFlow on May 05, 2022 2:13pm
Awesome !! They need to hit a billion dollar valuation then watch the action ! PNE is getting stronger all while gas prices are still going higher . Way more pop here to the upside !
Comment by
7Twiggy on May 05, 2022 2:35pm
A lot of the larger gas companies have their earning in the next few weeks. Results will most likely be unreal. Think some profits will be taken and end up with Pine Cliff.
Comment by
Skylar1 on May 05, 2022 3:12pm
7twiggy I hope that's true , i've been expecting more production.