Pine Cliff Energy Ltd T.PNE

Gas prices rise with arrival of June heat

[snowshoedb]

Expecting to see continued rise in gas prices and resulting continued appreciation of TOU and PNE. The current strengthening gas price could put another 5 million in PNEs bank account at the end of Q2. 

Question is what will PNE do with the 20 million they will have?

[Skylar1]

They do want to increase production so we should hear something about that in the comming weeks. I would also say your 5 million is  a conservative number , closer to 8 mil if gas holds $3.00 in June.

[optex1972]

  increase how? All they have is worn out plays they bought that no one wants? Add in a lot of liability issues they will have to spend millions on to stay outta the AERs target and assets that are older then your grandpa not real rosy!!