I was very impressed by the presentation by Phil Hodge this morning on the webinar. I was also impressed by the discussion we had prior to the webinar and his answers to questions today.
I will be updating my forecast/valuation model for the company and posting it to the EPG website late today or tomorrow morning.
If you were not on the live webinar, I urge you to watch the replay. It will educate you on how bullish the natural gas market can get in Western Canada in just a few months with LNG Canada now ramping up exports.
Pine Cliff Energy (PNE.TO and PIFYF) Update - July 11
Pine Cliff Energy (PNE.TO and PIFYF) Update - July 11
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Pine Cliff Energy (PNE.TO and PIFYF) Update - July 11
Pine Cliff has agreed to host a Houston luncheon for us on September 17.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Pine Cliff Energy (PNE.TO and PIFYF) Update - July 11
On July 10th PNE.TO closed at $0.62Cdn.
On July 11th Pine Cliff hosted our webinar at 10AM CT. The CEO, Phil Hodge made a good presentation.
Today PNE.TO is trading at $0.75Cdn. < Up 21% in 5 trading days.
Our webinar was just the beginning of their efforts to get more exposure for the company.
I have added it to our Small-Cap Growth Portfolio.
Pine Cliff is not a tiny company that is just a "Story Stock".
> Q1 2025 production was 21,283 Boepd (79% natural gas, 14% NGLs and 7% crude oil)
> Natural gas prices in Western Canada should benefit from the opening of LNG Canada, a large export facility on the west coast.
> It has been free cash flow positive for several years and should continue to be free cash flow positive.
> It pays a very small monthly dividend, which should increase if I'm right about natural gas prices in Canada.
> The balance sheet is in good shape, and they plan to continue to pay down debt.
> Operating cash flow in 2025 should be over $35Cdn million, with their hedging program reducing commodity price risk.
> This year's capex budget it $23.5Cdn million, primarily a fully funded drilling program that should ramp production up to ~23,000 Boepd by year-end.
> For its size, Pine Cliff has a lot of high-quality "Running Room". In their two best areas, where wells should payout in a year at current strip prices, they hold 52 gross (36.4 net) development drilling locations in areas considered to be proved.
> AIMCO is the Company's largest shareholder with 10% of common stock. AIMCO is the largest holder of pension fund money in Canada.
A replay of our July 11th webinar can be viewed at this link: https://www.youtube.com/watch?v=oXD7D_nnGRs
On July 11th Pine Cliff hosted our webinar at 10AM CT. The CEO, Phil Hodge made a good presentation.
Today PNE.TO is trading at $0.75Cdn. < Up 21% in 5 trading days.
Our webinar was just the beginning of their efforts to get more exposure for the company.
I have added it to our Small-Cap Growth Portfolio.
Pine Cliff is not a tiny company that is just a "Story Stock".
> Q1 2025 production was 21,283 Boepd (79% natural gas, 14% NGLs and 7% crude oil)
> Natural gas prices in Western Canada should benefit from the opening of LNG Canada, a large export facility on the west coast.
> It has been free cash flow positive for several years and should continue to be free cash flow positive.
> It pays a very small monthly dividend, which should increase if I'm right about natural gas prices in Canada.
> The balance sheet is in good shape, and they plan to continue to pay down debt.
> Operating cash flow in 2025 should be over $35Cdn million, with their hedging program reducing commodity price risk.
> This year's capex budget it $23.5Cdn million, primarily a fully funded drilling program that should ramp production up to ~23,000 Boepd by year-end.
> For its size, Pine Cliff has a lot of high-quality "Running Room". In their two best areas, where wells should payout in a year at current strip prices, they hold 52 gross (36.4 net) development drilling locations in areas considered to be proved.
> AIMCO is the Company's largest shareholder with 10% of common stock. AIMCO is the largest holder of pension fund money in Canada.
A replay of our July 11th webinar can be viewed at this link: https://www.youtube.com/watch?v=oXD7D_nnGRs
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group