Pine Cliff Energy Ltd T.PNE

Debt

[TheRexmember]

lots of comments on debt pay down over the last few months.

given NET debt was at 45 million on June 30th and cash flow looks fantastic for the fall and winter....when do you fellow geniuses think the company will be NET DEBT FREE??

my bet is the end of January or first week in February 2022.

just using cash flow assumptions and current gas strip prices based on the presentation :

guessing we generated roughly 14 million in cash flow for the 3rd quarter :

- 5 million per quarter to run the company and maintain production
- 5.6 million to complete two Pekisko wells

guessing 25 millin in cash flow for Q4 

- 5 million to maintain operations

- 30 million in cash flow for for Q1 2022
- 5 million for operations

-6.0 million - for a couple more wells to grow the company 5% ish per year.  at 6 dollar gas PNE can cashflow about 120million per year. Hopefully the hedged a little at that price...

[Skylar1]

I was thinking the money for the two third quarter wells was made in the second quarter but anyway they will make 50 mil the next couple of quarters and could be debt free this winter on $5.00 AECO  I'm say they will drill more or buy some production pay some debt and refinance at lower rates this winter  ,   If a colder then normal winter shows up and sticks around  who

[red2000]

Very interesting play !!! But... Float probably way to low ! It's like a bonds stock for major shareholders === lenders too !!! Interest on debt is high at 9,25% + They manage the cie like a private one ! Just a couple hours before their best Quarter ever, the stock don't move a pennies !!! Hope to have a confirmation of dividend with Q3 release may help to reach upper level like ,90 +

[Skylar1]

I don't think third will be the best quarter ever as they were 30% hedged for the the quarter but it should be close , maybe they suprise to the upside.The big money is being made now in the fourth. I agree the  debt interest is to high but it won't be around much longer and i think they will have the rate  on balance lowered very soon . Trading is almost nil seems like the

[TheRexmember]

Extremely happy with the update. I was hoping for anything over 12 millon. We should double that for Q4.   The drilling and workovers are also right on target too. The Pekisko wells must be stupidly profitable at these pricesand pay out well under a year.  I like this management team. They do what they say they will do.