Pine Cliff Energy Ltd T.PNE

Snowshoedb

[Skylar1]

Thanks for taking the time for your last post ,good info however Mr T will still be whining when the stock is over $1.00 again . I doubt anyone believes his lies on the board at this point. GLT LONGS. I just bought 50,000 shares at .24 and will buy more if it goes lower.

[MrT2020]

Hey money bags !  You think I’m whining when all I’m doing is reading the financial reports to you . And in what world do you see PNE going to 1.00 ?  PNE  needs 150 million in rev just to break even these days . How do they get to 150 ?  And second how do they get to 200 and actually show a profit ? 

[snowshoedb]

Chicken Little: ~ I feel sad that your financial litteracy is lacking. So let me pencil (we accountants like pencils) in the salient points for you Latest Q4  ($ Millions) Financials indicate: Q4 Revenue = $31.29 M Q4 Loss = $3.82 M  Q4 Cash Flow from Operations = $2.67 M Q4 Adjusted Fundsl Flow = $7.9 M Q4 CAPEX = $1.31 M Q4 Free Funds Flow (net of CAPEX) = $6.59 M (this is the

[MrT2020]

Bird Brain ,  Get your head out of your rear end . the financials posted by PNE state they have never shown a profit , see below :))   You are an insult to yourself , limit your insults to PNE management. They are responsible for this train wreak ....  2020 Revenue was  103,000 ,000 .   Lose was 50,107 ,000  2019 revenue  was  100,000,000 . 

[snowshoedb]

Low commodity prices in 2020 affect profitability. Heres pricing for Q4, Q3, Q2, Q1 in 2020  Natural gas ($/Mcf) 2.73 2.18 2.03 2.19      Natural gas liquids ($/Boe) 28.89 25.07 14.56 22.69      Crude Oil ($/Bbl) 43.46 40.54

[snowshoedb]

Here is the most recent EIA STEO report published on April 6/21. https://www.eia.gov/outlooks/steo/report/natgas.php Good reading for investors and good for lining the bottom of the Chicken Coop for others.  

[Skylar1]

Good reading there snowshoedb , just about everyone envolved is bullish on nat gas, maybe PNE should raise production , Phil Hodge did tell me a few months back they can move fast on it . We will probably have a hot summer this year too. PS Warren Buffett invested billions in nat gas companies in 2020 . don,t know if he knows what he's doing or not .LOL

[snowshoedb]

I'm in agreement skylar. The US is short gas because of strong requirement of LNG in Europe & Asia after a punishing winter. I'm anticipating 15% - 20% natural gas production will go to LNG (10-15%) for Europe & Asia and a 5-6% going to Mexico via pipelines. Historically these kinds of volumes never existed prior to 2021. THe facilities were buildt out over the last 5 years but