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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 snowshoedbon May 05, 2021 7:12pm
51 Views
Post# 33137613

RE:RE:RE:RE:Oil @ 66.25 Gas @ $3

RE:RE:RE:RE:Oil @ 66.25 Gas @ $3 Please find below the a couple relevent articles as you requested.

https://oilprice.com/Energy/Gas-Prices/Asian-LNG-Buyers-Are-Preparing-For-A-Harsh-Winter.html

I'm not sure why you might be of the mindset that:

1) US LNG Exports to Asia & Europe = 15% of US production (growth of 200+% over 2 yrs)
2) US Exports to Mexico = 6% of US production
3) US production in decline and demand is increasing....US Nat Gas Market in Structural Deficit

This Deficit results in the consequence of looking to Canadian Gas Companies to export natural gas to US... historically (2020 & prior)  3-5 BCF/day over the course of a year to what could this fall & winter (2021-22) be 6-10 BCF/day or 30%-50% of Canada's production.

Why in the world would anyone think that could be relevant?
No need to give your head a shake when someone is lacking (= zero) in grey matter

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