Executive Summary
Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, crude oil, and natural gas liquids in the Western Canadian Sedimentary Basin.
Rewards
Risk Analysis
Earnings have declined by -34.27% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
Snowflake Analysis
Concerning outlook with worrying balance sheet.
Share Price & News
How has Pine Cliff Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PNE's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-12.0%
PNE
-7.4%
CA Oil and Gas
-4.8%
CA Market
1 Year Return
-56.0%
PNE
-7.6%
CA Oil and Gas
0.1%
CA Market
Return vs Industry: PNE underperformed the Canadian Oil and Gas industry which returned -6.1% over the past year.
Return vs Market: PNE underperformed the Canadian Market which returned 0.5% over the past year.
Shareholder returns
| PNE | Industry | Market | |
|---|---|---|---|
| 7 Day | -12.0% | -7.4% | -4.8% |
| 30 Day | -18.5% | -6.0% | -3.2% |
| 90 Day | -24.1% | -2.4% | -1.0% |
| 1 Year | -56.0%-56.0% | -3.5%-7.6% | 3.3%0.1% |
| 3 Year | -84.9%-84.9% | -11.1%-20.5% | 12.9%2.7% |
| 5 Year | -92.7%-92.7% | -13.3%-27.1% | 29.2%10.3% |
Price Volatility Vs. Market
How volatile is Pine Cliff Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Market Volatility Impact Pine Cliff Energy Ltd.'s (TSE:PNE) Share Price?3 weeks ago | Simply Wall St
Should You Worry About Pine Cliff Energy Ltd.'s (TSE:PNE) CEO Pay?1 month ago | Simply Wall St
Is Pine Cliff Energy (TSE:PNE) Weighed On By Its Debt Load?Valuation
Is Pine Cliff Energy undervalued compared to its fair value and its price relative to the market?
1.99x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PNE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PNE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PNE is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: PNE is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PNE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PNE is overvalued based on its PB Ratio (2.1x) compared to the CA Oil and Gas industry average (0.6x).
Next Steps
Future Growth
How is Pine Cliff Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
12.1%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if PNE's forecast earnings growth is above the savings rate (1.4%).
Earnings vs Market: Insufficient data to determine if PNE's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PNE's revenue (12.1% per year) is forecast to grow faster than the Canadian market (4.7% per year).
High Growth Revenue: PNE's revenue (12.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PNE's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Pine Cliff Energy performed over the past 5 years?
-34.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PNE is currently unprofitable.
Growing Profit Margin: PNE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PNE is unprofitable, and losses have increased over the past 5 years at a rate of -34.3% per year.
Accelerating Growth: Unable to compare PNE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PNE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (4.3%).
Return on Equity
High ROE: PNE has a negative Return on Equity (-424.16%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Pine Cliff Energy's financial position?
Financial Position Analysis
Short Term Liabilities: PNE's short term assets (CA$23.0M) do not cover its short term liabilities (CA$71.6M).
Long Term Liabilities: PNE's short term assets (CA$23.0M) do not cover its long term liabilities (CA$291.0M).
Debt to Equity History and Analysis
Debt Level: PNE's debt to equity ratio (333.5%) is considered high.
Reducing Debt: PNE's debt to equity ratio has increased from 1.9% to 333.5% over the past 5 years.
Balance Sheet
Inventory Level: PNE has a high level of physical assets or inventory.
Debt Coverage by Assets: PNE's debt is not covered by short term assets (assets are 0.4x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PNE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: PNE has less than a year of cash runway if free cash flow continues to reduce at historical rates of -27% each year
Next Steps
Dividend
What is Pine Cliff Energy's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate PNE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PNE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PNE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PNE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PNE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.1yrs
Average management tenure
CEO
Phil Hodge (53yo)
8.1yrs
Tenure
CA$467,974
Compensation
Mr. Philip Blake Hodge, also known as Phil, B.Comm., LLB, has been the Chief Executive Officer and President of Pine Cliff Energy Ltd., a subsidiary of Geomark Exploration Ltd. since January 2, 2012. Mr. HÂ ...
CEO Compensation Analysis
Compensation vs Market: Phil's total compensation ($USD352.17K) is above average for companies of similar size in the Canadian market ($USD155.12K).
Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.1yrs | CA$467.97k | 2.03% CA$733.0k | |
| CFO & Corporate Secretary | 0.2yrs | CA$220.87k | no data | |
| Chief Operating Officer | 5.1yrs | CA$339.05k | 0.037% CA$13.2k |
5.1yrs
Average Tenure
Experienced Management: PNE's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.1yrs | CA$467.97k | 2.03% CA$733.0k | |
| Chairman of the Board | 8.1yrs | CA$92.23k | 6.91% CA$2.5m | |
| Independent Director | 16.1yrs | CA$82.94k | 0.13% CA$45.8k | |
| Independent Director | 7.8yrs | CA$82.94k | 0.89% CA$321.6k | |
| Independent Director | 3.8yrs | CA$82.94k | 0.084% CA$30.3k |
8.1yrs
Average Tenure
68yo
Average Age
Experienced Board: PNE's board of directors are considered experienced (8.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PNE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
Top Shareholders
Company Information
Pine Cliff Energy Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Pine Cliff Energy Ltd.
- Ticker: PNE
- Exchange: TSX
- Founded: 2004
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$36.056m
- Shares outstanding: 327.78m
- Website: https://www.pinecliffenergy.com
Location
- Pine Cliff Energy Ltd.
- 1015-4th Street SW
- Suite 850
- Calgary
- Alberta
- T2R 1J4
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PNE | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Apr 2005 |
| PIFY.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Apr 2005 |
| IPC | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Apr 2005 |
Biography
Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, crude oil, and natural gas liquids in the Western Canadian Sedimentary Basin. The company primarily holds interests in natural gas assets in the Southern and Edson areas; and oil and natural gas assets in the Viking Kinsella and Ghost Pine area of Central Alberta. It also holds interests in natural gas liquids assets in the Sundance, Carstairs, Garrington, and Harmattan areas of Alberta; and natural gas assets in the Cadillac area of Southern Saskatchewan. As of December 31, 2018, its proved reserves were 48,276.1 thousand barrels of oil equivalent (MBOE) and proved plus probable reserves were 61,579.2 MBOE. The company also explores for gold, nickel, and copper deposits, as well as platinum group elements with assets located in Utah, Ontario, Northwest Territories, and Nunavut. Pine Cliff Energy Ltd. was incorporated in 2004 and is headquartered in Calgary, Canada.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/27 01:30 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.