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 > Reserves and future of

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Comment by snowshoedbon May 10, 2021 2:03pm

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RE:Reserves and future of

I would like to see them drill a bit to bring production up. Once the winter of 2021-22 is over I would hope they take the accumulated cash to pay down the note that comes due in July 2022.

I suspect PNE will generate 40-50 million in cash flow in 2021. Has anyone talked to management and gotten any indication on where cash will be allocated?

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