Stock PriceComment from Tuesday. GLTA
May I have your opinion on PNE? It is yielding about 6% and is almost down 25% from its recent high.
Pine Cliff's stock price will largely follow the oil markets, and today the price of oil is down almost 10%. PNE posted solid results in May, and the company reduced its debt significantly. The company just recently established its monthly dividend of $0.0083 per share. It mostly generates positive free cash flows and has shown good profit margins. In a strong energy market, we see PNE performing well, but if oil continues to fall amidst global recession concerns, we can see PNE falling as well. (5iResearch)