Pine Cliff Energy Ltd T.PNE

New interview with whole team

[TheRexmember]

Lots of great colour on operations, capex and strategy.  

https://youtu.be/xN4tOYYQ8sk?si=UBsJSxYXEkAgdKlB

Points of interest 

1. term debt has an amortization of 15% per year - so only paying down by 2.5 million or so per quarter. Likely could still be debt free by year end 2025 if they choose. 

2. 30% of gas hedged in 2024 at 3.00. 30% of oil is hedged at 100.00 cdn

3. They picked up 20+  ellerslie drilling locations in the Certus acquisition. Unbooked right now. 

4. The glauc wells cost twice as much to drill as the Pekisko wells. IP also twice as high 

5. 3 -6 wells per year or a 20 million capital program is needed to maintain production.

6. They expect to earn 6 million in processing fees in 2024 from their gas plants.

[MrT2020]

Or in other words unless nat gas goes to 3,00 and oil goes to 100.00   Pne is not worth the risk so till then buy oil stocks stay away from dry gas .