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 > Phil Hodge and Team

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Comment by snowshoedbon Sep 24, 2024 11:05pm

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Post# 36239592

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Phil Hodge and Team

https://boereport.com/2024/09/23/canadian-natural-gas-prices-fall-to-two-year-low-as-storage-fills/amp/

sounds like bottom to me. But that doesn't mean it will jump up any time soon. A warm winter will weaken balance sheets.

it's a good time to try and figure out who can ride out the storm… If the weather stays warm, and there is no significant change in the amount of excess gas… Companies will suffer and only those who can survive in ultra low Natural gas pricing periods will survive.

I think we need to go through A year of pain until some of the companies succumb to the low price environment. The question is which companies will survive and can hunker down in this kind of environment.

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