Pine Cliff Energy Ltd T.PNE

No Support

[MrT2020]

PNE charts are horrible ,,,, the sentiment for dry gas producers is horrible ,,,,anyone still holding out hope for PNE ?  Low share price would normally invite takeovers but no one is interested ... no one !

[EstevanOutsider]

nobody is going to buy pinecliff. not even the creditors want it given it's a collection of ARO assets that are a liability in low natural gas price environment. they have around 6000 wells and only 20,000 boe/d of production, not cheap or efficient. in modern canada, you can do the same with a handful of wells off a montney pad. the company is absolete. they made the most of the aeco gas run

[MrT2020]

Most all insiders have their money out now . Eric Nuttell warmed people 6 months ago to move out of dry gas and into heavy oil and liquids . No one is going to pay up for PNE until gas goes back up over 3.00 .... do not grab a falling knife 

[blackdog]

Funny that you can say this with such authority, as the public record of insider trading for the past six months shows that insiders have only made aquistions. 318,650 shares to be exact, including 55,000 by the CEO on Friday last. 

[Sclarda2]

I would take what jokers like Estevan and mr. capped at $56 kavern have to say. They are both self proclaimed experts on oil and gas but go from board to board bad mouthing companies they say are no good and seem to linger for along time. Meanwhile the stocks they do invest in all seem to go nowhere but down leaving them bitter massive bagholders.

[kavern23]

So man up Scardla.  You can only insult people but man up. Go buy some PNE shares big guy....the fact you like and showed up on PNE board is funny. And I am retired bro...I not in any energy stock right now. Sucks doesnt it scardla....sorry but I dont have to do anything dude haha...so stupid that I could retire in my 30's .

[MrT2020]

Website says 14 percent insiders it used to be over 30 percent  . George fink used to have 15 million , Robert Disbrow had 15 million ....they are long gone . gas has to be 3.00 and oil has to get to 90 for these guys to prosper.  Gas is not going to 3.00 anytime soon !  If ever 

[blackdog]

Your presumption of 'insider" knowledge is awesome. You might refresh your understanding of how this is defined, and your sources of this insight, then get back to us. As to your contention that you know anything about who continues to own Pine Cliff, neither of the gentlemen you mention has gone anywhere; save off the list of those who are required to register as insiders.  In his

[MrT2020]

Anyone over ten percent are required to report . Fink and Disbrow are long gone off the insiders list then Warren . Hodge buying 55000 shares doesn't impress either ... Jesus boy buy all the dry gas you want . My little chunk of Ath at .18 keeps me happy ;)) 

[Sclarda2]

If you dont like this stock why spend everyday here bashing it?  We are all big boys here and nobody cares what you think as you are nothing but a basher. In future try to be a bit of a concerened long to make it less obvious you pallooka.

[EstevanOutsider]

i am just leaving some comments as i enjoy chatting about oil and gas occasionally, not an expert. the pumping of pne was sketchy at times and confusing to me. phil hodge is a cool guy but i agree about the posts of disbrow who bailed (smartly) and is no longer a registered insider. the hodge buys are nice to see but mostly token to keep the pne dream alive. they made the most of the run by

[MrT2020]

I'm bashing the stock the business and anyone supporting this dog . It is uninvestable ! Thats why the share price is in the toilet and still no support .  Buy anything but dry gas businesses  .... 

[blackdog]

You are welcome to do what you want. But given your tone and loose attention to detail, you only make yourself a target for shunning at best and banning if you go overboard. To close the loop on detail that you got wrong, and now artfully ignore: Pine Cliff share total is 356,298,000; so the reportable threshold is currently 35,629,800 shares. This is in addition to officers and directors, who

[kavern23]

Isn't it an intelligent question to ask if Aimco is the debt holder on the debt taken to buy Certus? Especially considering this: AIMCO has 36M shares.   Hodge, CEO,  10,521473 shares Rice, Director, 1,185,970 shares MacDonald, CFO, 883,687 shares Mcneill, COO, 1,858,849 shares Fink, Chairman, 26,281,030 shares.   Cause with Razor energy...look at what Aimco did

[blackdog]

Rexmember made a quicker, better, more expansive and detailed answer than I could have managed. If anyone interested in PNE has not done so, I second his suggestion that the podcast that Mr Hodge and crew did the day after then financials were released is well worth listening too, as it addresses your points, and more.  Also worth mining are the older interviews available on the corporate

[kavern23]

Black dog you follow bne as well. With capital coming at such a high cost...isn't the upside on taking in new debt to acquire something the drilling potential. wether a person likes or doesn't like bne I think both sides would agree bne should drill that land in 2024 to make it worth while for taking on over 20m in new debt.   So isn't what pne doing kinda puzzling and the

[kavern23]

For example, tourmaline bought bonavista and tourmaline has kept two rigs working in Caroline near certus land now pnes. tourmaline spent a high cost to get bonavista so is drilling to get and unlock more value. The portion of the 100m paid for certus had probably a decent amount for undeveloped drilling locations...if economic for whitecap and tou it has to be really strong 

[TheRexmember]

You do not understand this company Kav. Most of your questions are adressed in any of the videos on the PNE website. The business strategy is different from any other junior.  drilling is 4th or 5th on the priority list. It is only done when the economics are extremely compelling and when there is a strategic reason for it - ie gas in toilet, quick add oil. They grow by acquisition and

[kavern23]

Rex let's look at facts my comments are relevant cause on ygr board last fall...I said pne was one of the best short positions I had ever seen at 1.40....it was riskless profit as it was for sure going to drop a lot. Rex it is under 1 dollar...I wasn't wrong. You state pne capex is 17.5m...have you considered it is that small cause pne can't afford any higher? I do understand Certus

[TheRexmember]

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

[kavern23]

Rex...this line is impossible that you said "They need to average 1.80 gas to pay dividends, capex and debt" Look at PNE's results from 2015-2019...so 3000 barrels of liquids from Certus is all of a sudden going to make PNE a cashflow machine? Why has PNE always struggled whenever NG price are low...we have seen quality of their assets. At 5 dollar NG this can make CF decently

[TheRexmember]

Kavern this stuff is not that hard if you take the time to read it. You are starting to appear lazy. It's fine to disagree but why make stuff up when 2 minutes is all it takes to get accurate info? See top right of page 6 on the March Corp presentation for the line that reads "Pinecliff requires AECO gas prices to average 1.85 to cover capex+ dividends+ debt payments in 2024"

[blackdog]

You are correct to say that in 2015 to 2019 PNE produced almost no oil or liquids and they strugged whenever AECO prices tanked; even as HH and world prices surged.  So they started drillng the Pekisko  wells and have ramped oil and liquids up so that in 2023, when we are again suffering low NG prices, liquids are 38% of revenue.  The Certus deal will add to this and management says

[TheRexmember]

It would be a good problem tomhave dog.  It would take me a while to calculate free cash flow at 5.00 gas with the last two takeovers. The liquids alone is probably around 50 million in cash flow now.  we did 160 million in cash flow in 2022 with lower avg gas prices and under 2000 barrels of oil production. We would probably be well over $200 million in cash flow. They used to have

[MrT2020]

You guys are living in a wonderful world  ! Tell me you mathematicans how much money has been spent to build this 350 mil roll up . I'm thinking north of 600 million and it trades for 350 mil . Just imagine if they put 600 milly in to bitcoin or let's say liquids ten years ago . Three months ago they start buying liquids ... and three months after a 100 milly acquisition there market

[MrT2020]

It is easy to see good times down the road for Dry gas :))  But today they are no buyers, bid is gone and the sell is on ,  the Certus property is worth .25 cents and the rest maybe .25 cents so sell hard and buy back at .50 .....

[MrT2020]

For all the cheerleaders of PNE  what happens when the sanctions come off Russia ?  PNE and all western gas producers did well when the war started , the USA blew up Nordstream and the  Gasprom 1 and 2 were shut down and all Russian gas sanctioned . Frenzied concern about  gas supply in Europe inflated the USA LNG prices and all western gas suppliers enjoyed the price inflation

[kavern23]

I agree with you estevan. A company like PNE with such a massive well count of low producing ng wells should imo always have 68-80% hedged at over 3 dollar gas. Its the downside of pricing cycle that really hurts companis like PNE. From sounds of it, finally looks like PNE will hedge further out to future. I suspect divy was left at .5 cents to try support stock at 60-75 cents through this low