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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 Jan 28, 2022 7:47pm
101 Views
Post# 34373553

RE:RE:Natural gas futures...

RE:RE:Natural gas futures...We might need to be patient. Q4 Reporting is always tied to the Year End Annual report. Hence, we might be waiting until:

1) Q4 Operations Update was provided on Feb 10/21 last year
2) Year End Annual Financial Report was provided Mar 9/21.

During this period where very little informational updates are available we may see some volatility in the price. What makes it even more interesting is as we move through February and into March with an expectation of strong storage draws due to eastern Canada & US weather cold weather forecasts. But the weather could move offshore quickly dashing our hopes for the current 3 weeks of cold forecast by NatGasWeather.com.

I'm long term bullish on Canadian Gas and will buy on the dips.   
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