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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 mjh9413on Jan 27, 2024 9:03pm
302 Views
Post# 35848971

Natgas under pressure

Natgas under pressureAnd not helped by Biden's moratorium on even started LNG export facilities,  If lucky enough to have 90cent average cost from buying when it was a certain riser that's a current 14% yield with room on the sp downside. Only question is when to sell in anticipation sp bound to come down as we see temps into february/Apr, which EC says (with some caveats) will probably be above, with probability lower (AB, SK and parts of BC) less than 20%. Weather Network also predicts above average for western canada, and even below normal precip, so cud be another fire season. Plus we have carbon taxes going up on April 1st. Feds really turning the screw on fossil fuel prices, with 5% GST also added to Carbon tax amount. They have no idea what a dangerous scenario they are leading Canada into as they seek to mke electricity the only "fuel".for most transportation and heating.
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