Pine Cliff Energy

PNE-T

Analysis and Opinions about PNE-T

Signal
Opinion
Expert
BUY
BUY
October 22, 2014

A natural gas play that was a spin out from Bonterra (BNE-T) which has one of the best 10 year track records in creating value on the TSX. This company is following their example. He has added more to his holdings. Probably a multiyear story where they add acquisitions and continue to grow their production.

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Pine Cliff Energy (PNE-T)
October 22, 2014

A natural gas play that was a spin out from Bonterra (BNE-T) which has one of the best 10 year track records in creating value on the TSX. This company is following their example. He has added more to his holdings. Probably a multiyear story where they add acquisitions and continue to grow their production.

DON'T BUY
DON'T BUY
October 17, 2014

They can still have some element of free cash flow. He has no idea if this will be a cold winter. He prefers oil.

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Pine Cliff Energy (PNE-T)
October 17, 2014

They can still have some element of free cash flow. He has no idea if this will be a cold winter. He prefers oil.

TOP PICK
TOP PICK
October 3, 2014

Gassy asset. Management from Bonterra. Lots of gas assets for sale. 90% natural gas. Their assets are very low decline rate. Likes their acquisition theme. Will be a bellwether gas stock to own over the next 12 months.

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Gassy asset. Management from Bonterra. Lots of gas assets for sale. 90% natural gas. Their assets are very low decline rate. Likes their acquisition theme. Will be a bellwether gas stock to own over the next 12 months.

BUY WEAKNESS
BUY WEAKNESS
September 8, 2014

Nat Gas. Has been a top pick. Great management team. They did some nice acquisitions.

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Pine Cliff Energy (PNE-T)
September 8, 2014

Nat Gas. Has been a top pick. Great management team. They did some nice acquisitions.

TOP PICK
TOP PICK
August 27, 2014

This company buys assets that are out of favour. Made a number of inexpensive acquisitions in just the last little while and they have been cash flow positive. Their producing properties have a very low decline rate with strong cash flow. Did two big acquisitions in the last 3 months and their pipeline is busier than ever. Strong balance sheet with a strong cash flow to pay down debt.

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This company buys assets that are out of favour. Made a number of inexpensive acquisitions in just the last little while and they have been cash flow positive. Their producing properties have a very low decline rate with strong cash flow. Did two big acquisitions in the last 3 months and their pipeline is busier than ever. Strong balance sheet with a strong cash flow to pay down debt.

BUY WEAKNESS
BUY WEAKNESS
July 30, 2014

Has had a great run. Announced 2 acquisitions in the last few weeks alone. He would want to see it pull back a little because you are basically paying all-time highs for it now. Phenomenal management team that keeps making acquisitions, and he expects to see more.

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Has had a great run. Announced 2 acquisitions in the last few weeks alone. He would want to see it pull back a little because you are basically paying all-time highs for it now. Phenomenal management team that keeps making acquisitions, and he expects to see more.

COMMENT
COMMENT
July 25, 2014

Dry natural gas. Sold his holdings last week, based on their announcement that they had purchased assets for $100 million. Thinks people were getting agitated that management was taking so long to make an acquisition. Feels the biggest risk is equity financing coming in. The manager is very conservative. Given that they have a debt to cash flow of around 1.5-1.6 times, he would think the manager would be uncomfortable at that level. If you own and are mildly bullish on natural gas, they have a fairly low cost structure, so hold onto it.

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Dry natural gas. Sold his holdings last week, based on their announcement that they had purchased assets for $100 million. Thinks people were getting agitated that management was taking so long to make an acquisition. Feels the biggest risk is equity financing coming in. The manager is very conservative. Given that they have a debt to cash flow of around 1.5-1.6 times, he would think the manager would be uncomfortable at that level. If you own and are mildly bullish on natural gas, they have a fairly low cost structure, so hold onto it.

TOP PICK
TOP PICK
July 17, 2014

Mixture of value and growth at a reasonable price. Getting hit pretty hard today so you are getting a good deal. Dry gas producer – less costly to drill. They can do some nice acquisitions over the next year.

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Mixture of value and growth at a reasonable price. Getting hit pretty hard today so you are getting a good deal. Dry gas producer – less costly to drill. They can do some nice acquisitions over the next year.

BUY
BUY
June 19, 2014

Good company. Balance sheet is loaded so they can go make an acquisition such as a non-core LNG access of a much larger company.

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Good company. Balance sheet is loaded so they can go make an acquisition such as a non-core LNG access of a much larger company.

COMMENT
COMMENT
June 16, 2014

No debt, cash flow positive. Predominantly natural gas. If you want to play natural gas, this is one of the better plays. He recently sold his holdings because he thinks the gas play is getting closer towards the end.

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No debt, cash flow positive. Predominantly natural gas. If you want to play natural gas, this is one of the better plays. He recently sold his holdings because he thinks the gas play is getting closer towards the end.

BUY
BUY
May 21, 2014

If you are looking for natural gas with a quality management team and a company that is unhedged, (you are tied to spot prices both positive and negative), this is a good company. Very highly correlated to gas prices. Good entry point.

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If you are looking for natural gas with a quality management team and a company that is unhedged, (you are tied to spot prices both positive and negative), this is a good company. Very highly correlated to gas prices. Good entry point.

BUY
BUY
April 24, 2014

This is one of the best ways to invest in a pure play in Gas. It is one of his larger holdings in the portfolio. Thinks this is a counter cyclical company. They are a very shrewd acquirer of businesses. Would buy more on a pullback.

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This is one of the best ways to invest in a pure play in Gas. It is one of his larger holdings in the portfolio. Thinks this is a counter cyclical company. They are a very shrewd acquirer of businesses. Would buy more on a pullback.

TOP PICK
TOP PICK
March 13, 2014

(His 3 Top Picks are all based on continuing strength in natural gas prices.) Likes the way management has operated in other operations, using very low debt and very prudent management. This is a play on “dry gas” as opposed to “liquids rich” gas, which is a bit higher cost, but no one is buying dry gas so they are getting their properties very cheap. Hopes to see a dividend come into this company over the next year. Can see this being a $2 stock if gas cooperates.

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(His 3 Top Picks are all based on continuing strength in natural gas prices.) Likes the way management has operated in other operations, using very low debt and very prudent management. This is a play on “dry gas” as opposed to “liquids rich” gas, which is a bit higher cost, but no one is buying dry gas so they are getting their properties very cheap. Hopes to see a dividend come into this company over the next year. Can see this being a $2 stock if gas cooperates.

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