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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 TheRexmemberon Mar 12, 2024 8:54pm
88 Views
Post# 35929583

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:No Support

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:No Support

Kavern this stuff is not that hard if you take the time to read it. You are starting to appear lazy. It's fine to disagree but why make stuff up when 2 minutes is all it takes to get accurate info?

See top right of page 6 on the March Corp presentation for the line that reads "Pinecliff requires AECO gas prices to average 1.85 to cover capex+ dividends+ debt payments in 2024"

That is a number we will hit easily even if prices continue to drop.

There will be extra cash on the balance sheet by fall to do whatever they need. Your comments about  cash flow years ago, or 5 or 6 takeovers since then are irrelevant today. This is going to be a free cash powerhouse by Q1 2025.

Whether they drill or not. Because of the low decline rate. 



 

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