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) provides investors and industry observers with comprehensive updates through this centralized news hub. Track the natural gas producer's latest developments including operational updates, dividend announcements, and strategic initiatives focused on long-life asset management.
Access real-time insights into production optimizations, physical hedging strategies, and capital allocation decisions that drive the company's free funds flow priorities. Our curated news collection features earnings reports, acquisition disclosures, and leadership updates directly from corporate filings and verified sources.
Key coverage areas include reserve management practices, infrastructure maintenance programs, and market risk mitigation efforts specific to Western Canadian energy operations. Stay informed about how PIFYF balances shareholder returns with sustainable production from its low-decline natural gas assets.
Bookmark this page for streamlined access to operational updates and financial disclosures from one of Canada's focused natural gas producers. Check regularly for new developments in hydrocarbon production strategies and energy market adaptations.
Pine Cliff Energy (TSX: PNE, OTCQX: PIFYF) has announced its regular monthly dividend declaration of $0.005 per common share for January 2025. The dividend will be paid on January 31, 2025, to shareholders of record as of January 15, 2025. The company has indicated that this dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice.
Pine Cliff Energy has announced a regular monthly dividend of $0.005 per common share, payable on December 31, 2024, to shareholders of record on December 16, 2024. These dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes.
The company has also extended its temporary increased demand loan facility with a Canadian chartered bank, maintaining it at $15.0 million until April 30, 2025. This extension modifies the previous arrangement that would have reduced the loan to $12.0 million on December 1, 2024.
Pine Cliff Energy reported Q3 2024 financial results with adjusted funds flow of $8.1 million ($0.02 per share), down from $17.1 million in Q3 2023. Production averaged 22,546 Boe/d, 8% higher year-over-year, despite temporary impacts from maintenance-related outages. The company reported a net loss of $6.9 million compared to net income of $4.2 million in Q3 2023. Pine Cliff has lowered its 2024 capital spending guidance to $12.0 million from $17.5 million, while maintaining production guidance at 23,250-23,750 Boe/d. The company has hedged 44% of natural gas production at $2.77/Mcf and 51% of crude oil production at $100.79/Bbl through Q4 2024.
Pine Cliff Energy (TSX: PNE) has announced a regular monthly dividend of $0.005 per common share, payable on November 29, 2024, to shareholders of record as of November 15, 2024. The company notes these dividends are expected to be designated as non-eligible dividends for Canadian tax purposes. Additionally, Pine Cliff will host a webcast to discuss their Third Quarter 2024 results on November 14th, 2024, at 9:00 AM MDT.
Pine Cliff Energy (TSX: PNE) (OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share for October 2024. The dividend is scheduled to be paid on October 31, 2024, to shareholders of record as of October 15, 2024. Pine Cliff has indicated that this dividend, along with future dividends, are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. This announcement demonstrates the company's commitment to providing regular returns to its shareholders.
Pine Cliff Energy (TSX: PNE) (OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share. The dividend will be paid on September 27, 2024, to shareholders of record as of September 16, 2024. Pine Cliff has indicated that this dividend, along with future dividends, is expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. This announcement demonstrates the company's commitment to providing regular returns to its shareholders, albeit at a modest rate.
Pine Cliff Energy (TSX: PNE) has released its second quarter 2024 financial and operating results, along with a guidance update. The company generated $10.8 million in adjusted funds flow for Q2 2024, down from $12.0 million in Q2 2023. Production averaged 23,688 Boe/d, a 17% increase from the same period last year. Pine Cliff paid dividends of $5.4 million ($0.02 per share) in Q2 2024, compared to $11.5 million ($0.03 per share) in Q2 2023.
The company reported a net loss of $4.1 million for Q2 2024, compared to a net loss of $0.9 million in Q2 2023. Pine Cliff has reduced its 2024 production guidance to 23,250 - 23,750 Boe/d from the previous 24,000 - 25,000 Boe/d due to maintenance-related outages and weak gas prices. The company has hedged approximately 45% of its gross natural gas production and 55% of its gross crude oil production for the second half of 2024.
Pine Cliff Energy (TSX: PNE) (OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share, payable on August 30, 2024, to shareholders of record on August 15, 2024. The company notes that this and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice.
Additionally, Pine Cliff will be hosting a webcast to discuss its Second Quarter 2024 results on Friday, August 9th, 2024, at 9:00 AM MDT (11:00 AM EDT). Investors can access the live webcast through the provided link or via telephone. A recorded archive will be available on the company's website following the live event.
Pine Cliff Energy (TSX: PNE, OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share. Shareholders on record by July 15, 2024, will receive the dividend on July 31, 2024.
This dividend, along with future ones, is classified as non-eligible for Canadian income tax purposes.
Pine Cliff Energy (TSX: PNE, OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share, payable on June 28, 2024, to shareholders on record as of June 14, 2024. The dividends are designated as non-eligible for Canadian income tax purposes until further notice. This announcement maintains the company's commitment to providing consistent returns to its shareholders.
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