Pine Cliff Energy Ltd T.PNE

Anyone else excited, ecstatic, or even euphoric?

[zack50]

Back on March 24th, I was fortunate enough to pick up 25K shares at $0.29 each. For the next couple of weeks the price stagnated and fell to the $0.25 range. I almost cashed them in and took the lost... but for some reason, I didn't get around to pulling the trigger. Within a couple of weeks the share price had topped $0.30 and it has been a slow upward climb from that point.

I have just watched the video/interview with Mr. Phil Hodge and to say I'm excited is a bit of an understatement... its more like ecstatic or euphoric!

A few days ago I mentioned in a post: 

"Very little, if any new supply... a lack of services and companies not growing, but rather they are wanting to pay down debt... big demand vs low supply will serve to drive price higher.

This in turn will allow for excessive cash flow and hopefully PNE will continue to pay down debt, buy back shares and maybe later  on, pay a dividend to its shareholders."
 

The model that Mr. hodge presents is a knight in shining armour...

* Lowest decline rate in Canada
* No spending on drilling
* NO bank dept
* > $42M in debt owned by top 3 shareholders
* 2022 -- debt free
* Less than 1:1 debt to CF
* $60M - $100M of FCF
* Insiders own a lot of stock and continue to buy

AND, according to PH, barrels of cash... and if he said it once, he said it at least a dozen times... we want to RETURN the CAPITAL to the SHAREHOLDERS!!

That means a DIVIDEND... that means increased investor interest... that means that the PNE  stock price is going UP, UP and AWAY!

Did I say I was EUPHORIC!!

[Skylar1]

Hey zack50 , i'm also excited . I owen a boatload of stock myself and more inportantly i bought 20k shares in my wife's RRSP .05 at the low last year so i'm looking like a genius to her lol. I have to admit tho i been here for 6 years and after averaging down got my cost at around .50. Looking forward to getting back to it's high's in the next year or two. 

[bandit69]

Nothing wrong with being optimistic but as Kenny Rogers told us you also never count your money when you're sitting at the table.  There'll be time enough for counting when the dealing's done.  It means, don't count your money until it's actually in your hands.