RE:No Supportnobody is going to buy pinecliff. not even the creditors want it given it's a collection of ARO assets that are a liability in low natural gas price environment. they have around 6000 wells and only 20,000 boe/d of production, not cheap or efficient. in modern canada, you can do the same with a handful of wells off a montney pad. the company is absolete. they made the most of the aeco gas run by getting into liquids. smartly, they took a lot of dumb international and U.S. investors to town while the ceo did global road shows promoting the "low decline" element of the company to people who are clueless. lol.
the main insider already bailed so likely wounded down his position which he did good on. phil hodge seems like a cool guy, smart guy and likely a very hard working hard but that doesn't make pne a good investment unfortunately.
people held it for the divy and now its gone. i expect low aeco until 2026 which isnt good for PNE and it wont surprise me to see them cut again as basically now an option on high natural gas prices.