Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | Suite 850, 1015-4th Street SW CALGARY AB T2R 1J4 |
Tel: | N/A |
Website: | https://www.pinecliffenergy.com |
IR: | See website |
Key People | ||
Philip B. Hodge President, Chief Executive Officer, Director | Alan Macdonald Chief Financial Officer, Corporate Secretary | Terry L. Mcneill Chief Operating Officer |
Business Overview |
Pine Cliff Energy Ltd. is a Canada-based company that is engaged in the acquisition, exploration, development and production of natural gas and oil in the Western Canadian Sedimentary Basin and also conducts various activities jointly with others. The Company's operating areas include Central Assets, Edson Assets and Southern Assets. Its Central Assets include Ghost Pine and Viking Kinsella areas of Central Alberta. Its Southern Assets includes Monogram unit, Many Islands / Hatton properties, Pendor, Cadillac and Wymark, Black Butte and Eagle Butte areas. Its Edson Assets include Mcleod River and Pine Creek, and Carrot Creek. The Company operates and sells its natural gas to the common Alberta natural gas price hub, Alberta Energy Company (AECO), and the Company also sells to four other gas markets: Aden, TEP, DAWN and Empress. |
Financial Overview |
For the fiscal year ended 31 December 2023, Pine Cliff Energy Ltd revenues decreased 37% to C$174M. Net income decreased 92% to C$9.1M. Revenues reflect Natural gas segment decrease of 46% to C$117.4M, Natural Gas Production, Total decrease of 2% to 39.23B cubic feet, Oil Equivalent Production (Units/day)-So decrease of 4% to 7K barrels per day. |
Employees: | 103 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $411.20M as of Dec 31, 2023 |
Annual revenue (TTM): | $174.05M as of Dec 31, 2023 |
EBITDA (TTM): | $47.48M as of Dec 31, 2023 |
Net annual income (TTM): | $9.12M as of Dec 31, 2023 |
Free cash flow (TTM): | -$109.68M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $61.93M as of Dec 31, 2023 |
Shares outstanding: | 356,397,330 as of Apr 3, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |