Pine Cliff Energy Ltd T.PNE

Alternate Symbol(s): PIFYF

Energy Oil & Gas E&P

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.

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Pine Cliff Energy Ltd > Q1 Financials - My Best Takeaway

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Post by snowshoedbon May 05, 2021 8:27pm

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Post# 33137909

Q1 Financials - My Best Takeaway

Here is what I think is most compeling about todays financial release:

1) Increased Revenue from $25.4 Million to $35.5 Million = Increase of $10.1 Million
2) Increased Adjusted Funds Flow from $1.2 Million to $10.0 Million = Increase of $8.8 Million

Incremental Revunue up 10.1 Million translates into Incremental Funds Flow (Cash Profit) of 8.8 Million..... 87% efficiency converting incremental revenue to incremental profit.... only 13% variable costs. Pine Cliff is a Cash Machine!!!

Ask yourself what would happen if we see a 10% production increase? 20% production increase? Answer: A further Cash Profit $2-5 Million/Qtr.

Bonus... prices will continue to strengthen in Q3 and we will have a pricing blow out in Q4/21 & Q1/22.

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