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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 mjh9413on Dec 15, 2021 1:32am
86 Views
Post# 34231623

RE:Canadian NG Storage Levels

RE:Canadian NG Storage LevelsCan't seem to get the statscan numbers since their cyberattack (it was Table 25, 2510-0055-01 Supply and disposition of natgas, monthly data) .but taking 20016/2017 numbers from another report on storage in E and W Canada where the starting points of Nov storage are similar toOct 2021, the following happened:

Incr in May to Sep 2016 was + 130 for East and + 98 for West, followed by:
Decrease Oct 2016 to Apr 2017 of - 152 for East and -165 for West

Make what you like of the numbers but on average they reckoned average use of Nat gas in spring/summer was 8.5bcf/day and autumn/winter 14.7Bcf. (These numbers must be hgher with advent of LNG exports and utility conversions to natgas) but would mean 4,237Bcf are extracted in a year and 4,140Bcf were injected in the same period ( a differential of just 0.25Bcf/day).
My thought is that PRICE is telling you what is happening and these figures are not really useful for such comparisons (especially if my numbers are inaccurate and there is no such thng as comparative period.).

 

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