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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 snowshoedbon Jan 23, 2023 7:38pm
401 Views
Post# 35241112

added more PNE = 25K shares today...why?

added more PNE = 25K shares today...why?1) Opportunity to pick up shares after last weeks weakness
2) Over the weekend Freeport asked Regulator for restart approval
3) Siberian cold air is making its way into Canada and will reach into the US  as we get closer to the weekend
4) Oil prices jump and Canada will be producing as much oil as it can from the Oil sands. 80% of industrial demand for gas in Alberta is from the oil sands.
5) Canadian storage was already 35% below the 5 year average and 13% below last year... I'm expecting bigger draws in Alberta, Eastern Canada and the US for 2-3 weeks as the cold air fills the mid-west and moves deeper into the US.
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