Pine Cliff Energy Ltd T.PNE

PNE - Accept Yield & Hold for 2025 LNG

[snowshoedb]

Picked up more PNE... why you might ask?

1) Yield is now 7.7% (high)
2) Expect a combination of the following for use of  growing of cash balance with all items would be acreative (EPS) to shareholders:
      a) acquisition of gas assets that meet PNE's target profile matrix (Long Life, Slow Decline) from a private company (liquidity event) or public company (sale of non-core gas production assets)
     b) drilling of additional Teir 1 Pekisko Oil wells (rapid payout , 1 yr  @ $80 oil)
     
3) If mgmt can't find a use for excess cash... expect a special dividend or increasing monthly dividend.

Happy to hold and accumulate a larger position as we anticipate an ongoing tight Canadian gas market (Low Canadian Gas Storage), restart of Freeport LNG in 2nd half of January and the midterm anticipation of 15%-25% of Canada's gas to be exported as LNG in 2025!!!

PS: I anticipate that TOU & PNE could both be targets for Shell who needs to increase access to gas to meet existing contract obligations associated with the LNG facility in 2025

[Skylar1]

I'm following you snowshoedb ,added 30,000 shares today , I think we have been here together  when PNE was .13 cents and done very well indeed lol  , there was no dividend than just 70 mil in debt but boy have things changed . 

[snowshoedb]

Agreed Skylar! PNE has been transformational for those who were in early and heavily overweighted