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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

Comment by kavern23on Nov 01, 2023 1:46pm
149 Views
Post# 35711686

RE:RE:RE:From today's G&M

RE:RE:RE:From today's G&MDoesn't Certus make more sense for Bonterra to buy than Pine Cliff?

Certus assets need a drilling program and capex in 2024 to really get the potential out of the drilling locations.
BNE could have afforded a  30-40m capex into Cetrus assets if they pull back in Cardium....as BNE has 4-5k per day of legacy oil production.

As history has shown, it is very hard to spend capital on drilling and pay a divy at same time.
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