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Pine Cliff Energy Ltd. (T:PNE)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: 850, 1015 FOURTH STREET S.W.
CALGARY AB T2R 1J4
Tel: N/A
Website: https://www.pinecliffenergy.com
IR: See website
Key People
Philip B. Hodge
President, Chief Executive Officer, Director
Alan Macdonald
Chief Financial Officer, Corporate Secretary
Terry L. Mcneill
Chief Operating Officer
Business Overview
Pine Cliff Energy Ltd. is a Canada-based company that 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 Ghost Pine and Viking Kinsella areas of Central Alberta. Its Southern Assets includes Monogram unit, Many Islands / Hatton properties, Pendor, Cadillac and Wymark, Black Butte and Eagle Butte areas. Its Edson Assets include Mcleod River and Pine Creek, and Carrot Creek. The Company operates and sells its natural gas to the common Alberta natural gas price hub, Alberta Energy Company (AECO), and the Company also sells to four other gas markets: Aden, TEP, DAWN and Empress.
Financial Overview
For the fiscal year ended 31 December 2023, Pine Cliff Energy Ltd revenues decreased 37% to C$174M. Net income decreased 92% to C$9.1M. Revenues reflect Natural gas segment decrease of 46% to C$117.4M, Natural Gas Production, Total decrease of 2% to 39.23B cubic feet, Oil Equivalent Production (Units/day)-So decrease of 4% to 7K barrels per day.
Employees: 103 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $428.52M as of Dec 31, 2023
Annual revenue (TTM): $174.05M as of Dec 31, 2023
EBITDA (TTM): $47.48M as of Dec 31, 2023
Net annual income (TTM): $9.12M as of Dec 31, 2023
Free cash flow (TTM): -$109.68M as of Dec 31, 2023
Net Debt Last Fiscal Year: $61.93M as of Dec 31, 2023
Shares outstanding: 356,305,269 as of Mar 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization