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

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Post by retiredcfon May 20, 2022 3:56pm

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Post# 34699388

Assessment

Could you comment on the earnings from Pine Cliff Energy; they appear to be excellent?

PNE's results were solid, and the company established a dividend. Cash flow was a record $32.3M. Debt declined by 50% and is now barely 0.5X cash flow. Production rose 11% and the drilling inventory looks good. The stock remains very cheap even after big gains this year.

Provided by the team at 5iResearch. GLTA

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