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.

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Pine Cliff Energy Ltd > Natty goes Nutty!!!

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Post by zack50on May 25, 2022 7:24pm

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Post# 34707758

Natty goes Nutty!!!

Natural gas, at the time of this post, is trading @ $9.02/MMBtu... we haven't witnesed this price since 2008.

As you folks know, the increase in AECO forward natural gas pricing is due to many factors, including increased demand in North America, increased LNG and Mexico exports from the United States, and the efforts to refill natural gas storage levels in Canada, the United States and Europe before the 2022-23 winter season.

We could see PNE vault the $2 bar tomorrow!