Take a look at their november 2021 presentation !!!

Dividend coming in 2022 !
Q4 2021 on target to be the best quarter ever !
EV / DACF actual multiples at 4X the avg. is around 8 to 10X !

PNE has traded at an average EV/DACF multiple of eight for the past eight years, and is currently trading at one of its lowest historical EV/DACF multiples.

Insiders / lenders own 33% of the stock !

Look at it :
https://www.pinecliffenergy.com/upload/media_element/123/53/pne-q3-21-corporate-presentation.pdf

At it's current price, this title could be subject to a take-over bid
With Natural gas keep go higher !

Please do your DD, it's your money !