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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...
Ghost Pine and Viking Kinsella areas of Central Alberta. Its Southern Assets includes Monogram unit, Many Islands / Hatton properties, Pendor, Black Butte and Eagle Butte areas. Its Edson Assets include Pine Cliff with its first core area in the Western Canadian Sedimentary Basin. It operates and sells its natural gas to the common Alberta natural gas price hub.
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TSX:PNE - Post Discussion
Pine Cliff Energy Ltd
> Eric Nuttall
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•••
retiredcf
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Post by
retiredcf
on Feb 26, 2023 12:47pm
Eric Nuttall
Bear in mind that he doesn't like any NG company and he had "Don't Buy" for the likes of OVV, BIR, PXT etc. GLTA
HOLD
Pine Cliff Energy(PNE-T)
24/02/2023
Does not believe dividend is sustainable given current strip price.
Could take on debt to sustain dividend.
Challenges ahead for the company.
Depends on outlook for natural gas.
Oil / Gas
Eric Nuttall
$1.19
No
(45)
•••
oldbrit34
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Comment by
oldbrit34
on Feb 26, 2023 4:25pm
The history of any stock market is that on any given day stocks are overbought or oversold, and not just a few. Is PNE oversold or a value trap ? It has to be one or the other.
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