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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 zack50on Mar 30, 2022 3:39pm
156 Views
Post# 34560250

Doesn't really matter... we're in it together!

Doesn't really matter... we're in it together!What's important is that we have reached a TP and PNE is on track to reach new targets by the end of Q1 and Q2. We should continue to see shareprice increases with a few pullbacks along the way.

All indicators point toward record FCF for Q1... buyers are starting to notice PNE and if/when the dividend is declared, this will serve as a catalyst to boost the shareprice even further.

With AECO @ $5 and a conservative multiple of 5, I've now set my TP for $1.75 by the end of Q2. With AECO settling @ $5.50 and a slight increase in the multiple to 5.5, I believe we can reach a share price of 42.15 by the end of Q3.

Great things ahead for PNE... Cheers!





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