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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

Comment by Skylar1on Mar 12, 2021 10:57am
101 Views
Post# 32785050

RE:RE:RE:Presidents 2020 Year End Letter

RE:RE:RE:Presidents 2020 Year End LetterThe welfare you speak of is going to all companies so why should we turn it down since it will save us money in the fiture . I agree with you on salery cuts. The realized nat gas price for 2020 was $2.28 not $2.60 and for the fourth quarter they averaged $2.73 . The first 2021 will be well over $3.00 i believe.  As for debt , net dropped from $69,312,000 sept 30 2020 to $63 million in dec 2020, thats a $6.262  million drop in the forth quarter. This company is on a good path and the longs will do very well. 
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