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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 > Strategic Acquisition, Update on Fourth Quarter Drilling Prg
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Comment by jjgreyon Dec 20, 2021 10:11pm
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Post# 34249064

RE:RE:RE:Strategic Acquisition, Update on Fourth Quarter Drilling Prg

RE:RE:RE:Strategic Acquisition, Update on Fourth Quarter Drilling Prg
Scotch, it's not production levels that will determine the dividend but free cash flow per share. As per the new corporate presentation at 3.50 per MCF that would be 18cents per share. The new standard in western canada is to pay out 50% to shareholders. So even if we pay out 25% that is 4.5 cents. At today's 62 cent mkt value that is a 7.25% divy yield. Cheers
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