Pine Cliff Energy Ltd T.PNE

Alternate Symbol(s): PIFYF

Energy Oil & Gas E&P

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.

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Pine Cliff Energy Ltd > Q2 out

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Comment by blackdogon Aug 08, 2024 7:59pm

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Post# 36170504

RE:Q2 out

Term loan is down $2.1M from 2023 year end; now at $54.2M. This means that they made their quarterly payment (this was deferred in Q1). The line of credit draw was up 1.4M in the same period; now at $5.4M.

They have letters of credit outstanding of 6.6M; and increase of 5.8M since Dec 31.

As you said, essentially flat and steady as a rock.

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