Pine Cliff Energy Ltd T.PNE

Message to shareholders

[Skylar1]

9.5 mil or $.03 cents funds flow for the quarter, repaid 12mil on debt and just started drilling two oil wells.   GLT Longs

[jjgrey]

Very nice quarter the next one will be even better and the two winter quarters will be outstanding. Tough to be patient but share buyback/ dividends are around the corner. Value will emerge!

[snowshoedb]

I agree it was a very good quarter. Expecting bigger and better things as we move into Q3 and Q4. I'm so glad the sky is not falling… I was so worried all summer long!!!!

[RightAgain]

I see they are still dealing with 50 million in debt . But As Phil said they are thriving . Phil and his 500 k a year are thriving . Snow Flake no one is buying PNE . But you think they are a gold mine ..... if you are so right all the time where are the buyers ? 

[Skylar1]

The net debt June 30 was 45.3 mil , not 50 mil and they made another 5 mil in july so this company is doing very well ,  the stock price will move up maybe when we don't expect it . The time will soon come when Canadian gas & oil stocks will shine again. 

[snowshoedb]

I'm sorry to inform you PNE is a natural gas company. They are not a gold mine.  When everyone believes you are a moron… Best to keep your mouth shut so as to avoid removing any shred of doubt.

[RightAgain]

Hey snow flake , I was looking forward to some seven page copy  of someone's forecast about Lng in Siberia or Polar vortex's in Alaska . but all ya got is shut up Moron :)) Listen and listen closely . these guys just announced  that  production is declining , they did no buybacks becasue they are paying off that massive debt of 50 million  . Then while nat gas spot and

[snowshoedb]

PNE has made a capital allocation decision. A portion for 2 new oil wells where they feel they will get the fasted return on capital. Projects compete for money and decisions are made based on return and risk.  The management team believe that the oil wells will give them the best return and least risk at this time. PNE has not grown by the natural gas drill bit. The strategy is to