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.
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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.
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Pine Cliff Energy Ltd. (PNE) Declares Monthly Dividend of $0.01083 per Share
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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.
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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.
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Pine Cliff Energy declares monthly dividend of $0.01083 per share to be paid on October 31, 2023.
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Pine Cliff Energy Ltd. declares a monthly dividend of $0.01083 per common share, payable on September 29, 2023.
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Pine Cliff Energy Ltd. issues a correction to its News Release, stating that they drilled one oil well in Q2 and completed three wells in total. The production from these wells in July was approximately 1,150 Boe/d, resulting in average total Company production for the month of July of approximately 20,750 Boe/d.
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FAQ
What is the current stock price of Pine Cliff Energy (PIFYF)?
The current stock price of Pine Cliff Energy (PIFYF) is $0.56 as of February 28, 2025.
What is the market cap of Pine Cliff Energy (PIFYF)?
The market cap of Pine Cliff Energy (PIFYF) is approximately 227.8M.
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