Pine Cliff Energy Ltd T.PNE

Share Price down 50 %

[MrT2020]

Share price will sink tmrw at the open ... nat gas market is broken , PNE is not profitable anymore

[kavern23]

Well I am not as pessimistic as you...realistically it will be bad no matter what anyone on this boards says as a divyncur never gets good retail reaction especially when a smaller company doing it. Normally I would say pne would,trade at 81-89 cents....but I could be low as pne seems to have a big buyer supporting it. If big buyer appears maybe it holds 91-95. market may also punish stock

[MrT2020]

Gas markets have been horrible and people have been moving out of PNE for awhile so the weakness is priced in actually . Maybe tmrw morning won't be so bad .  

[Bennys65]

I agree .Just imagine the reaction if Phil had not taken the right steps at this time.Nice to see the majors cutting back on production yesterday.Great interview with jamie Heard on Rose Bros.on where Natty might be in the fall.

[EstevanOutsider]

My guess is 30%. Pne is an overvalued dividend play. CEO brilliantly focuses on clueless American and Euro investors who are going to be shellshockd to see their divy reduced. I expect yield to swiftly go back up to 10% as a 6% yield is not enticing for the level of risk. Still not sustainable here and likely cuts again like Birchcliff. Pinecliff is just a collection of high aro assets. They made

[MrT2020]

Q1 will be zero profit . Q2 sure looks bad with  poor gas prices . Let's see what 70 million in debt and no profit is worth this morning .... not much