Last C$1.40 CAD
Change Today +0.01 / 0.72%
Volume 1.2M
PNE On Other Exchanges
Symbol
Exchange
Venture
Berlin
OTC US
As of 3:59 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

pine cliff energy ltd (PNE) Snapshot

Open
C$1.40
Previous Close
C$1.39
Day High
C$1.41
Day Low
C$1.35
52 Week High
05/6/14 - C$1.72
52 Week Low
07/12/13 - C$0.90
Market Cap
284.9M
Average Volume 10 Days
910.2K
EPS TTM
C$-0.03
Shares Outstanding
203.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PINE CLIFF ENERGY LTD (PNE)

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pine cliff energy ltd (PNE) Details

Pine Cliff Energy Ltd. acquires, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in the Western Canadian Sedimentary Basin. It holds interests in oil and natural gas assets in the Carrot Creek area in the Province of Alberta, as well as in non-operated natural gas producing properties in Southern Alberta and Southern Saskatchewan in Canada. The company also explores for precious metals, primarily gold, with assets located in Ontario, the Northwest Territories, and Nunavut in Canada, as well as in Utah. Pine Cliff Energy Ltd. was incorporated in 2004 and is headquartered in Calgary, Canada.

Founded in 2004

pine cliff energy ltd (PNE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$210.0K
Executive Chairman, Member of Policy, Governa...
Total Annual Compensation: --
Chief Financial officer and Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

pine cliff energy ltd (PNE) Key Developments

Pine Cliff Energy Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2014

Pine Cliff Energy Ltd. reported earnings results for the first quarter ended March 31, 2014. Earnings for the first quarter ended March 31, 2014 were CAD 2.97 million, or CAD 0.01 per share, compared to CAD 8.27 million, or CAD 0.05 per share, for the same quarter ended March 31, 2013. Revenue for the first quarter ended March 31, 2014 was CAD 16.63 million, compared to CAD 5.35 million for the same quarter ended March 31, 2013. Earnings before income taxes for the first quarter ended March 31, 2014 were CAD 3.99 million, compared to CAD 10.97 million for the same quarter ended March 31, 2013.

Pine Cliff Announces Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2014; Provides Capital Expenditures Guidance for 2014

Pine Cliff announced consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported earnings of $3 million or $0.01 basic and diluted per share on oil and gas sales of $18.4 million against earnings of $8.3 million or $0.05 basic and diluted per share on oil and gas sales of $5.5 million for the corresponding period last year. Cash flow from operating activities was $10 million against $3.1 million of prior year period. Funds flow from operations were $10 million or $0.05 basic and diluted per share against funds flow from operations of $2.4 million or $0.02 basic and diluted per share of prior year period. Capital expenditures amounted to $1.1 million against $2.3 million of prior year period. The company’s production during the first quarter of 2014 was 6,276 boe per day, a decrease of 3% from the fourth quarter of 2013 of 2,536 boe per day. The decrease in production is due in part to the extreme cold weather that prompted the increase in natural gas pricing causing a number of shallow gas wells to be shut-in during the quarter as a result of freeze off. The first quarter of 2014 was characterized by increased, albeit extremely volatile, natural gas pricing. Pine Cliff's realized price on sales during this period was $5.17 per mcf, an increase of 57% over the same period of 2013. Operating netback was 19.82 ($/boe) against 10.26 ($/boe) of prior year period. The company provided capital expenditures guidance for 2014. The company expects 2014 budgeted capital expenditures of $13.6 million, is expected to be well within funds flow from operations.

Pine Cliff Energy Ltd. Appoints Terry Mcneill as Vice President Operations

Pine Cliff Energy Ltd. announced the appointment of Terry McNeill to the position of Vice President Operations. Mr. McNeill has over 20 years of experience in the oil and gas industry and held the same position at Berkana Energy Corp. from September 2006 until January 2008 and Quatro Resources Ltd. from January 2008 until the sale of the company in November 2012.

 

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Valuation PNE Industry Range
Price/Earnings 49.3x
Price/Sales 6.4x
Price/Book 2.2x
Price/Cash Flow 11.8x
TEV/Sales 6.1x
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