Company Description
Pine Cliff Energy Ltd. (OTCQX: PIFYF) is described in its public disclosures as a natural gas and crude oil company with a long-term view of creating shareholder value. The company is associated with the crude petroleum and natural gas extraction industry within the broader mining, quarrying, and oil and gas extraction sector. Its common shares trade on the Toronto Stock Exchange under the symbol PNE and on the OTCQX market in the United States under the symbol PIFYF.
According to Pine Cliff’s own descriptions in its news releases, the company focuses on natural gas and oil activities and emphasizes a long-term approach. In its more detailed financial updates, Pine Cliff states that its current focus is on acquiring, developing, and operating long life assets that generate free funds flow. The company indicates that this free funds flow allows for capital to be returned to shareholders in the form of a dividend.
Pine Cliff’s public communications highlight that a significant portion of its production is natural gas, with additional volumes from natural gas liquids (NGLs) and light and medium oil. In its financial and operating results, Pine Cliff reports production in barrels of oil equivalent per day (Boe/d) and provides the percentage of production attributable to natural gas. These disclosures underline the company’s orientation toward natural gas while still maintaining exposure to liquids production.
The company also discusses the use of physical and financial hedging as part of its ongoing marketing strategy for natural gas and crude oil. In its quarterly results, Pine Cliff explains that hedging has affected its realized natural gas prices relative to benchmark AECO prices and describes the proportion of gross natural gas and crude oil production that has been hedged over certain periods. This indicates that risk management and price protection are important elements of Pine Cliff’s approach to managing commodity price volatility.
In addition to development and operating activities, Pine Cliff has reported on asset dispositions. The company announced that it entered into, and subsequently closed, a transaction to sell certain assets in a Central area for gross cash proceeds. Pine Cliff noted the production associated with those assets and indicated that the proceeds would help support its development program and influence its capital budget.
Pine Cliff’s news releases also describe its capital expenditure plans, including spending on facilities, maintenance, and development programs, as well as abandonment and reclamation activities. The company reports non-GAAP measures such as adjusted funds flow, free funds flow, operating netbacks, corporate netbacks, and net debt, and explains how these measures are calculated and used internally to evaluate performance, leverage, and liquidity. These disclosures provide insight into how Pine Cliff assesses its operations and cash generation.
Dividend payments are a recurring theme in Pine Cliff’s communications. The company has declared regular monthly dividends per common share, describing them as non-eligible dividends for Canadian income tax purposes until further notice. Pine Cliff links its focus on long life assets and free funds flow generation to its ability to return capital to shareholders through these dividends.
Pine Cliff also provides guidance updates in connection with its quarterly results, including references to its capital budget and how certain development activities may be shifted between years. The company has commented on factors affecting production, such as natural production declines, third-party outages, and temporary shut-ins in response to weak AECO natural gas prices during specific periods.
For investors researching PIFYF stock or Pine Cliff Energy Ltd. stock, the company’s own disclosures emphasize:
- A focus on natural gas and crude oil activities.
- An approach centered on acquiring, developing, and operating long life assets.
- The goal of generating free funds flow that can support dividend payments.
- Use of hedging strategies for both natural gas and crude oil production.
- Ongoing capital allocation between development, maintenance, and abandonment and reclamation activities.
Pine Cliff regularly publishes financial and operating results, including production metrics, commodity sales, adjusted funds flow, net income or loss, capital expenditures, dividends, and net debt, along with detailed definitions of its non-GAAP measures. These disclosures, together with information available on Canadian regulatory platforms, form the primary basis for understanding the company’s business model and financial profile.
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No SEC filings available for Pine Cliff Energy.