Welcome to our dedicated page for PINE CLIFF ENERGY news (Ticker: PIFYF), a resource for investors and traders seeking the latest updates and insights on PINE CLIFF ENERGY stock.
Pine Cliff Energy Ltd. (PIFYF) is a natural gas and oil company based in Calgary, Alberta. With a focus on creating shareholder value, the company acquires, develops, and operates long-life assets to generate adjusted funds flow for dividends. Recent achievements include the completion of NTU Pekisko oil wells, an update to 2023 guidance, and the declaration of a monthly dividend. Pine Cliff is committed to maximizing capital efficiency and aims to maintain strong production levels despite market volatility.
Rhea-AI Summary
Pine Cliff Energy Declares Monthly Dividend of $0.005 per Share for April 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
-
Rhea-AI Summary
Pine Cliff Energy Ltd. announces its 2023 annual results, filing of disclosure documents, year-end reserves, provides 2024 guidance, dividend declaration, and executive update. Financially, the company generated $9.7 million in Q4 2023, with a net income of $0.8 million, compared to $40.2 million and $24.7 million in 2022, respectively. Pine Cliff acquired Certus Oil & Gas for $108.9 million, expanding its operations. The company's production saw a 2% increase in Q4 2023 but a 2% decrease for the whole year. Pine Cliff's independent reserve report showed a 16% increase in net present value for proved plus probable reserves, primarily due to the Acquisition. The company's 2024 guidance includes a capital expenditure budget of $17.5 million and a monthly dividend. Mr. Alan MacDonald will retire as CFO, with Mr. Kristopher Zack taking over. Pine Cliff has responded to weak natural gas prices by increasing its AECO hedge position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.54%
Tags
-
Rhea-AI Summary
Pine Cliff Energy Ltd. declares a regular monthly dividend of $0.01083 per common share, to be paid on February 29, 2024, to shareholders of record on February 15, 2024. The dividend is designated as an eligible dividend for Canadian income tax purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
Tags
Rhea-AI Summary
Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) declares a regular monthly dividend of $0.01083 per common share, to be paid on January 31, 2024, to shareholders of record on January 15, 2024. The dividend is designated as an eligible dividend for Canadian income tax purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.91%
Tags
-
Rhea-AI Summary
Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) has completed the acquisition of Certus Oil & Gas Inc., with 99.77% of the Common Shares issued and outstanding being validly deposited and taken-up by Pine Cliff. The Company also secured a three-year secured term debt facility of $56.27 million to fund a portion of the purchase price and plans to issue annual guidance in the first quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.41%
Tags
-
Rhea-AI Summary
Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) announces the successful acquisition of Certus Oil and Gas Inc., with 69.7% of the total Common Shares tendered. The Offer has been extended until December 18, 2023, to allow remaining shareholders to participate. Pine Cliff is a natural gas and crude oil company focused on creating shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.6%
Tags
Rhea-AI Summary
Pine Cliff Energy Ltd. (PNE) Declares Monthly Dividend of $0.01083 per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
News
Rhea-AI Summary
Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) announces third quarter 2023 financial and operating results, including generated funds flow of $17.1 million and $49.0 million for the three and nine months ended September 30, 2023, as well as the mailing of a Takeover Bid Circular for the acquisition of Certus Oil & Gas Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
-
News
Rhea-AI Summary
Pine Cliff Energy Ltd. is set to acquire Certus Oil & Gas Inc for $100.0 million. The acquisition will expand Pine Cliff's operations into the Caroline area of Western-Central Alberta, adding production of approximately 5,300 Boe/d. It will also strengthen Pine Cliff's operating netback through increased exposure to crude oil and natural gas liquids production. The acquisition is expected to close by the end of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.92%
Tags
Rhea-AI Summary
Pine Cliff Energy declares monthly dividend of $0.01083 per share to be paid on October 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
Tags
FAQ
What is the current stock price of PINE CLIFF ENERGY (PIFYF)?
The current stock price of PINE CLIFF ENERGY (PIFYF) is $0.7162 as of October 15, 2024.
What is the market cap of PINE CLIFF ENERGY (PIFYF)?
The market cap of PINE CLIFF ENERGY (PIFYF) is approximately 245.2M.
What does Pine Cliff Energy Ltd. specialize in?
Pine Cliff Energy Ltd. focuses on acquiring, developing, and operating long-life assets in the natural gas and oil sector to generate adjusted funds flow for dividends.
What are some recent achievements of Pine Cliff Energy Ltd.?
Recent achievements of Pine Cliff Energy Ltd. include the completion of NTU Pekisko oil wells, an update to 2023 guidance, and the declaration of a monthly dividend.
How does Pine Cliff Energy Ltd. plan to maximize capital efficiency?
Pine Cliff Energy Ltd. plans to maximize capital efficiency by deferring the drilling of budgeted wells to 2024 and replacing some expenditures with recompletion work to benefit from economies of scale.
What is Pine Cliff Energy Ltd.'s production guidance for 2023?
Pine Cliff Energy Ltd. has narrowed its 2023 annual production guidance to a range of 20,000 Boe/d to 20,500 Boe/d, weighted 85% to natural gas.
How does Pine Cliff Energy Ltd. recognize the impact of market volatility?
Pine Cliff Energy Ltd. responds to weak natural gas prices by increasing its AECO hedge position to approximately 37% of gross natural gas production for the next three quarters of 2024.
When will Pine Cliff Energy Ltd.'s acquisition of Certus Oil & Gas Inc. be completed?
Pine Cliff Energy Ltd. expects the acquisition of Certus Oil & Gas Inc. to close in December 2023, following the mailing of its Takeover Bid Circular to Certus shareholders.
Where can I find more information about Pine Cliff Energy Ltd.?
Further information about Pine Cliff Energy Ltd. can be found on www.sedarplus.ca and the company's website at www.pinecliffenergy.com.
PINE CLIFF ENERGY LTD