TSX:PNEOil and Gas
Pine Cliff Energy (TSX:PNE) Stock Faces Profit Pressure Despite Steadier Revenue
Pine Cliff Energy came into this earnings release with the stock at CA$0.52 and essentially flat over the past week, after sliding over the last three months. The market has treated it as a low-expectation gas income story. The Q2 print instead put the income statement front and center, with total revenue of CA$39.456m but a net loss of CA$4.911m and basic earnings per share of CA$0.01 in the red.
For you as an investor, the real headline is profit pressure rather than production or pricing,...