Last C$1.90 CAD
Change Today +0.01 / 0.53%
Volume 837.4K
PNE On Other Exchanges
Symbol
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Venture
OTC US
As of 3:59 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

pine cliff energy ltd (PNE) Snapshot

Open
C$1.90
Previous Close
C$1.89
Day High
C$1.91
Day Low
C$1.87
52 Week High
08/29/14 - C$2.14
52 Week Low
12/11/13 - C$0.96
Market Cap
386.8M
Average Volume 10 Days
1.0M
EPS TTM
C$-0.02
Shares Outstanding
203.6M
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. Announces Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Full Year of 2014

Pine Cliff Energy Ltd. announced consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, oil and gas sales were $17,136,000 against $9,084,000 for the same period a year ago. Cash flow from operating activities was $7,242,000 against $3,751,000 for the same period a year ago. Funds flow from operations was $9,180,000 against $3,721,000 for the same period a year ago. Funds flow from operations per share diluted was $0.04 against $0.02 for the same period a year ago. Earnings were $2,333,000 against loss of $183,000 a year ago. Earnings per share basic and diluted were $0.01 against loss of $0.00 for the same period a year ago. Capital expenditures, excluding acquisitions were $1,990,000 against $1,740,000 for the same period a year ago. For the six months, oil and gas sales were $35,512,000 against $14,542,000 for the same period a year ago. Cash flow from operating activities was $17,281,000 against $6,852,000 for the same period a year ago. Funds flow from operations was $19,269,000 against $6,122,000 for the same period a year ago. Funds flow from operations per share basic and diluted was $0.09 against $0.04 for the same period a year ago. Earnings were $5,302,000 against $8,088,000 a year ago. Earnings per share basic and diluted were $0.03 against $0.05 for the same period a year ago. Capital expenditures, excluding acquisitions were $3,110,000 against $4,055,000 for the same period a year ago. For the quarter, production was 6,371 boe/d against 4,335 boe/d for the same period a year ago. For the six months, production was 6,324 boe/d against 3,440 boe/d for the same period a year ago. The company has increased its production guidance for 2014 to between 6,500 and 6,700 boe per day.

Pine Cliff Energy Ltd. Enters into a $33.25 Million Agreement to Acquire Carrot Creek/Edson Area Oil and Natural Gas Assets

Pine Cliff Energy Ltd. announced that it has entered into a binding agreement dated July 29, 2014 to acquire oil and natural gas assets in one of its core areas of Carrot Creek/Edson in the Province of Alberta for cash consideration of $33.25 million, prior to any adjustments. The cash consideration is expected to be financed by a combination of working capital and debt. The Transaction will have an effective date of June 1, 2014 and is scheduled to close on August 7, 2014. The Transaction is conditional upon Pine Cliff's partner in the area, private company Velvet Energy Ltd., completing its acquisition of the Assets from a third party, which acquisition is expected to close concurrently with the closing of this Transaction. No assurances can be given that the acquisition of the Assets by Velvet or the Transaction will be completed as proposed or at all.

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.

 

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Valuation PNE Industry Range
Price/Earnings 46.0x
Price/Sales 7.2x
Price/Book 2.7x
Price/Cash Flow 12.7x
TEV/Sales 6.6x
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