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Pine Cliff Energy Ltd T.PNE

Alternate Symbol(s):  PIFYF

Pine Cliff Energy Ltd. is a Canada-based natural gas and crude oil company. The Company 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, Black Butte and Eagle Butte areas. Its Edson Assets include Pine Cliff with its first core area in the Western Canadian Sedimentary Basin. It operates and sells its natural gas to the common Alberta natural gas price hub.


TSX:PNE - Post by User

Bullboard Posts
Comment by Ultraboon Feb 28, 2017 2:53pm
133 Views
Post# 25907215

RE:RE:RE:RSI 17.52!!!

RE:RE:RE:RSI 17.52!!!
knotshure wrote: Its going lower , you will love the 50's


you're being too generous.  See note 8 Q3 2016 report at sedar.com as the credit line is due to be reviewed end of March 2017 again and they had almost $72million drawn on it as of Q3 2016.  $110 thousand in cash.  Growing payables account and letters of credit.  Then there's note 9.  note 10 and we haven't even talked about revenues.

with gas dropping again and a lack of cash, well....

You see it in the charts, but the chart is simply a reflection of reality.  www.sedar.com
Bullboard Posts