March 4, 2024 - Q4/23 Earnings (After Market)
I hope that everyone enjoyed the fall. There is a lot to be excited about at both Pine Cliff and in the natural gas industry. For Pine Cliff, we are looking forward to concluding our announced $100 Million acquisition, and for the sector, the start of the winter heating season is always promising. From a financial standpoint, our third quarter was relatively quiet and straight forward.
The price for natural gas enables Pine Cliff to pursue strategic acquisition opportunities and corporate transactions. The Company can act quickly to capitalize on these opportunities and still provide a consistent and reliable income stream.
High quality assets with industry leading decline rates creating stable and predictable revenue stream.
Attractive per share value among other Canadian energy companies in a strong oil and gas commodity environment with the ability to acquire defensive assets.
Significant free cash flow (FCF) generated from low operational cost and quality assets, leading to consistent and long-term income dividend stream to our shareholders.