Pine Cliff Energy Ltd T.PNE

Yup - I like it...

[zack50]

Full year 2022 results:

• EPS: CA$0.31 (up from CA$0.24 in FY 2021).
• Revenue: CA$274.7m (up 82% from FY 2021).
• Net income: CA$108.9m (up 34% from FY 2021).
• Profit margin: 40% (down from 54% in FY 2021). The decrease in margin was driven by higher expenses.

Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has increased by 169% per year, which means it is tracking significantly ahead of earnings growth.

[snowshoedb]

It will be inteeresting to see if Phil can manage additional accreative acquisitions in this environment. I must be a real challenge and take a lot of time to be patient and wait for the right non core assets to be spun off.