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

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Pine Cliff Energy Ltd > Term loan faculty

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Post by kavern23 on May 08, 2024 9:57am

Term loan faculty

One of the reasons I have asked if aimco is the company offering the term loan faculty is for exactly this reason....

Pne didn't make their march 2.11m debt repayment and instead has to pay 0.5m refinancing fee to defer this to march 2025.

whoever is behind that term loan faculty is going to make a lot of money in interest and fees as long as company keeps existing

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Comment by kavern23 on May 08, 2024 10:00am

To pay a divy instead of making the repayment of 2.11m on term loan...good lord yikes.... a whole quarter passed without any debt repayment on Certus buy. aeco is 1.40 today...aeco is worse in q2 than q1. And a webcast yet today lol...to explain exactly what....

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Comment by TheRexmember on May 11, 2024 5:20pm

Kavern one day you will learn the difference between a faculty and a facility. Paying 2 million on the debt is basically meaningless. The nice thing about super low decline rates is they can still generate 10 million+ per quarter at these prices. Versus your favourite company where production falls off a cliff without drilling. The total budget is only 36 million this year ...more

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