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.

TSX:PNE - Post by User

Pine Cliff Energy Ltd

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Post by zack50on Sep 01, 2021 11:26am

205 Views

Post# 33794325

PNE to benefit

Some thoughts...
* natural gas inventories are down.
* shut-in production in US due to IDA.
* only 10 days of storage in UK.
* concerns for cold winter.
* consumers hedging price causing price of NG to rise.
* high demand will support rising price trend of NG.
* expectation of price rise very conceivable.

At time of this post, NG is at $4.59 ... up $0.22

Here's the Level 11 Quote chart...

Last:

0.490

Change:

0.010

Volume:

392,500

Last Trade:

11:24

Level ll Quote
Bid			Ask
Price	Total Size	# of Orders	Price	Total Size	# of Orders
$0.485	7500	2	$0.49	57500	2
$0.48	18000	2	$0.495	20000	1
$0.47	500	1	$0.50	56000	8
$0.465	1000	1	$0.51	7000	2
$0.46	55000	2	$0.52	15000	1
$0.45	13000	2	$0.54	63500	2
$0.43	26500	1	$0.55	73000	2
$0.425	10000	1	$0.57	2000	1
$0.415	8000	2	$0.58	60000	2
$0.41	15000	2	$0.60	11500	3