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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

Post by TheRexmemberon Jan 06, 2022 1:01am
450 Views
Post# 34288003

Dividend

Dividend

You can bank on one coming. This company was assembled with that goal in mind from the very beginning and nothing has changed. A little bit of bad luck with the nova gas pipeline stupidlity causing price collapses just delayed it a couple years. 

the model was and remains Bonterra where  at one point investors were up about 250X there initial investment. Mostly thru dividends. 

I would like 4-5 cents a year to start - and growing, get abandonments as cleaned up as possible, 5-6 million per quarter in capex, with a little acquisition here and there similar to last month. Then this company is firing on all cylinders. 

low decline rates mean sustainable dividends are possible. 

 I know that a dime here and there does not look like much, but how about when you own a million shares?

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