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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 Nov 25, 2021 2:56pm
68 Views
Post# 34166152

RE:RE:RE:RE:RE:RE:RE:RE:Winter is coming...

RE:RE:RE:RE:RE:RE:RE:RE:Winter is coming..."Thou doth protest to strongly"

1) Pay the debt first. Defer dividends until the risks to future cash flow are diminished. The company is still debt heavy if the price of gas drops significantlyly. Reduce risk to cash flows.
 
2) Set up a dividend is better than stock buybacks because it will lessen the float and the stock is already traded thinly. Not as severe as BNE but the same result will happen here. Insiders and long term holders like me will eventually own so much stock that the stock won't trade much... we are looking for the dividends to start.

The dividends should be sustainable.

3) Growing by acquisition should (and will) be done when oportunities arise that are accreative to the shareholders.
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