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Bullboard - Stock Discussion Forum Pine Cliff Energy Ltd T.PNE

Alternate Symbol(s):  PIFYF

Energy Oil & Gas E&P
Pine Cliff Energy Ltd. is a Canada-based natural gas and crude oil company. The Company is engaged in the acquisition, exploration, development and production of natural gas and oil in the Western Canadian Sedimentary Basin and also conducts various activities jointly with others. The Company's operating areas include Central Assets, Edson Assets and Southern Assets. Its Central Assets include... see more

TSX:PNE - Post Discussion

Pine Cliff Energy Ltd > Nice problem, nice solution
View:
Post by Binkie on Jun 11, 2022 9:58am

Nice problem, nice solution

PNE will generate about $150 million in fcf this year (after the announced dividend) and be debt free this summer according to Phil.   Production is robust as new wells are exceeding projections. Natural  Gas prices are sky high. Everything is aligning for PNE (and many other companies in the sector)  

The nice problem is what to do with all that cash? 

What does this board think they should do with that cash? There are many nice solution scenarios, increase the monthly dividend, special dividend, NCIB to reduce the float, acquisitions, increase Capex to increase production etc?

Comment by Skylar1 on Jun 11, 2022 6:37pm
It;s certaintly a good problem to have Binkie .  I want more production and i assume they are working on that.
Comment by FreeCashFlow on Jun 11, 2022 7:58pm
Only answer and only option is a Special dividend.... the entire 150 million. so pay it all out I.  40 cent special dividend for Q4! FCF will continue for years . Cause gas prices are goin higher and oil is going higher 
Comment by Binkie on Jun 13, 2022 4:54pm
Even if they paid 75%, that's $0.30 per share, gulp!!
Pine Cliff Energy Ltd