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Pine Cliff Energy Ltd
F:IPC

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Pine Cliff Energy Ltd
F:IPC
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Price: 0.33 EUR -4.07%
Market Cap: €118.4m

Pine Cliff Energy Ltd
Investor Relations

Pine Cliff Energy Ltd. is a Canadian oil and natural gas producer. It finds, develops, and produces natural gas, crude oil, and natural gas liquids from properties in Western Canada, then sells those commodities into the energy market. Its business is focused on operating producing wells and adding new reserves through drilling, field development, and selective property acquisitions. The company makes money mainly by selling the oil and gas it produces. Its customers are usually pipeline companies, processing plants, marketers, and other buyers that move energy products into the broader market. Because its earnings depend on commodity prices, Pine Cliff’s results are tied to what it can produce efficiently and the prices it gets for those products. Pine Cliff sits at the upstream end of the energy chain, where companies take resources out of the ground before they are refined, transported, or used by end customers. That makes it different from midstream and utility companies: it owns the production base and earns from selling raw energy commodities rather than from transporting, refining, or retailing them.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 6, 2026
AI Summary
Q1 2026

Gas outlook: Management said warmer weather, softer California demand, and high storage have pressured near-term Canadian gas prices, but they see a more constructive setup into late 2026 and 2027 as LNG exports and data center demand grow.

LNG tailwind: Pine Cliff highlighted LNG Canada’s record April shipment and argued that additional LNG capacity in Canada and the U.S. should support North American gas demand over time.

Drilling plans: The company said its Glauconite well is performing above type curve and it is actively considering adding more drilling in the back half of the year if cash flow keeps improving.

Hedging: Pine Cliff said it is about 40% hedged on gas through the remainder of 2026 at an average price of $3.16 per Mcf, and about 46% hedged on oil around $65 a barrel.

Capital allocation: Management said debt should continue to come down through scheduled payments, but any extra repayment will be weighed against returns from reinvesting in assets.

Asset quality: The team emphasized the value of its Central Alberta inventory, saying each Glauconite location could be worth $8 million to $12 million depending on commodity prices, with about 30 locations identified.

Noncore assets: Management reiterated it is open to selling noncore assets at the right price while continuing to focus on acquisitions and core development.

Key Financials
Gas hedged volumes
40%
Gas hedge price
$3.16 per Mcf
Oil hedged volumes
46%
Oil hedge price
$65 a barrel
Drill completion equip and tie-in cost
$8 million to $8.5 million
Value per location
$8 million to $12 million
Locations
30
Acquisition value
$106 million
Assets sold
$15 million
Dividends paid since 2022
$100 million
Abandonment reclamation spend last year
$7.5 million
Production
over 20,000 barrels a day
Current gas price in Canada
under $2 an Mcf
Current U.S. gas price
just over $3 per Mcf
LNG Canada April shipment
1 million metric tons
Storage
7% higher
Earnings Call Recording
Other Earnings Calls

Management

Mr. Philip Blake Hodge B.Comm., LLB
President, CEO & Director
No Bio Available
Mr. Kristopher Zack C.A., C.F.A., CPA
CFO & Corporate Secretary
No Bio Available
Mr. Terry L. McNeill P.Eng
Chief Operating Officer
No Bio Available
Mr. Christopher S. Lee
Vice President of Exploration
No Bio Available
Mr. Austin William Nieuwdorp
VP of Finance & Controller
No Bio Available
Mr. Daniel Christopher Keenan P.Eng.
Vice President Exploitation
No Bio Available

Contacts

Address
ALBERTA
Calgary
850-1015 4 St SW
Contacts
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