Pine Cliff Energy Ltd T.PNE

Is the dividend at risk?

[Reachme]

anyone?

[Skylar1]

Nat gas price would have to be today price all year for Phil Hodge to drop the dividend , they we're a decade getting to this point . Gas prices will rebound in the meantime we collect over 10%. I keep adding shares with mine . GLTA

[Grandcentral]

Dividend With a strong cash flow, Pine Cliff initiated a monthly dividend in June 2022 as a way to return capital to its shareholders. The company has increased the dividend twice since then, and the current forward annual dividend stands at $0.13 per share, resulting in a dividend yield of 10.57%. Pine Cliff allocates 1/3 of its free cash flow towards dividends, a payout that is lower than

[geric]

From February Corporate Presentation: To cover all Cash Expenses, CAPEX, Corporate Taxes (assuming taxable in 2023) and Dividend, Pine Cliff’s break-even gas price is $2.62/mcf AECO

[Trapped]

Given its a debt-free company with low drilling risk sitting on a cash hoard, I would say the dividiend is not particularly at risk.  My ideal situation for them would be to ride out this current seasonal weakness and turn it into an opportunity by picking up a couple of thousand BOEPDs of production via an all-cash transaction. The incremental FCF would be immediately accretive to