Pine Cliff Energy Ltd T.PNE

Insiders still buying...

[red2000]

Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	Volume or Value	Price
Dec 2/21	Dec 1/21	Disbrow, Robert	Control or Direction	Common Shares	10 - Acquisition in the public market	25,000	$0.630
Dec 1/21	Nov 30/21	Disbrow, Robert	Indirect Ownership	Common Shares	10 - Acquisition in the public market	50,000	$0.640
Dec 1/21	Nov 30/21	Disbrow, Robert	Control or Direction	Common Shares	10 - Acquisition in the public market	50,000	$0.640
Dec 1/21	Nov 30/21	Disbrow, Robert	Control or Direction	Common Shares	10 - Acquisition in the public market	25,000	$0.630
Nov 30/21	Nov 29/21	Disbrow, Robert	Indirect Ownership	Common Shares	10 - Acquisition in the public market	100,000	$0.665
Nov 30/21	Nov 29/21	Disbrow, Robert	Control or Direction	Common Shares	10 - Acquisition in the public market	100,000	$0.665
Nov 25/21	Nov 24/21	Disbrow, Robert	Indirect Ownership	Common Shares	10 - Acquisition in the public market	14,500	$0.690
Nov 24/21	Nov 23/21	Disbrow, Robert	Indirect Ownership	Common Shares	10 - Acquisition in the public market	85,500	$0.690
Nov 24/21	Nov 23/21	Disbrow, Robert	Control or Direction	Common Shares	10 - Acquisition in the public market	50,000	$0.700
Nov 23/21	Nov 22/21	Disbrow, Robert	Indirect Ownership	Common Shares	10 - Acquisition in the public market	50,000	$0.710

[FreeCashFlow]

I think PNE is for sale ! I mean what is their goal ? They can't afford acquisitions they can't afford buybacks and they can't pay dividends ( Aeco is now 3.50 not 5.50 )   They need to sell !!

[red2000]

Hi Freecashflow ! How much do you think they are able to receive per share !? 1$, 1,50$ !!??  I am working on it ! Anyone have a price target to sell !?    

[FreeCashFlow]

I'm sure they are worth more than the 61 cents the market has it valued at . If someone offered  90 cents to 1.00 that would be a significant premium to today's close and I would sell for 90 cents in a heart beat . This is not a 1.50 stock  GL 

[red2000]

Hi Free ! With no debt in 2022, with a dividend in place and the nat gaz around 4,50 to 5$ US, in my book it's possible !!! But still convince someone will grab it at 1$ ! Only my O ! Please do your DD, it's your money !

[red2000]

Oh ! BTW, Mr. Disbrow still buying like crazy ! Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction Volume or Value Price Dec 7/21 Dec 6/21 Disbrow, Robert Indirect Ownership Common Shares 10 - Acquisition in the public

[FreeCashFlow]

Natural gas is not 5.50 anymore , it's not 4.50 anymore . It is less than 3.50 . So there will be no dividend next year .  But yes debt will be lower .  Storage volumes seem fine too so I don't see gas prices going higher and PNE will be lucky to hold onto the 60 cent valuation . Good luck out there !