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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 Java7on May 05, 2021 9:41pm
88 Views
Post# 33138158

RE:Q1 Financials - My Best Takeaway

RE:Q1 Financials - My Best Takeaway

Nice for sure, I don't think increases in production is on the minds of any oil and gas companies these days. Lack of investment in new supply is why we are here, those with long life assists will be rewarded with higher prices. As BIR ceo said to Andy on BNN, "no one is talking growth".They will be reducing debt and collecting cash.  Prices will go much higher until the markets wake up and fine out capital flows have given them a new iPhone, Facebook, blockchains, wind turbines cryptos etc but no heat for the house. 

just my crazy view.  


java7

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