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Pine Cliff Energy

TSX:PNE
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PNE
TSX
CA$33M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

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 last earnings update was 13 days ago. More info.


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  • Pine Cliff Energy has significant price volatility in the past 3 months.
PNE Share Price and Events
7 Day Returns
-16.7%
TSX:PNE
-1.4%
CA Oil and Gas
-1.4%
CA Market
1 Year Returns
-73%
TSX:PNE
-21.8%
CA Oil and Gas
-4.4%
CA Market
PNE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pine Cliff Energy (PNE) -16.7% -41.2% -50% -73% -90.2% -95%
CA Oil and Gas -1.4% -6.9% -12.5% -21.8% -23.6% -44%
CA Market -1.4% -2.8% -3.1% -4.4% 3.4% -3.4%
1 Year Return vs Industry and Market
  • PNE underperformed the Oil and Gas industry which returned -21.8% over the past year.
  • PNE underperformed the Market in Canada which returned -4.4% over the past year.
Price Volatility
PNE
Industry
5yr Volatility vs Market

Value

 Is Pine Cliff Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Pine Cliff Energy. This is due to cash flow or dividend data being unavailable. The share price is CA$0.1.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pine Cliff Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pine Cliff Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PNE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.23
TSX:PNE Share Price ** TSX (2019-08-16) in CAD CA$0.1
Canada Oil and Gas Industry PE Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 8.07x
Canada Market PE Ratio Median Figure of 532 Publicly-Listed Companies 13.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pine Cliff Energy.

TSX:PNE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PNE Share Price ÷ EPS (both in CAD)

= 0.1 ÷ -0.23

-0.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pine Cliff Energy is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Pine Cliff Energy is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Pine Cliff Energy's expected growth come at a high price?
Raw Data
TSX:PNE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 40 Publicly-Listed Oil and Gas Companies -0.16x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pine Cliff Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pine Cliff Energy's assets?
Raw Data
TSX:PNE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.11
TSX:PNE Share Price * TSX (2019-08-16) in CAD CA$0.1
Canada Oil and Gas Industry PB Ratio Median Figure of 224 Publicly-Listed Oil and Gas Companies 0.7x
Canada Market PB Ratio Median Figure of 2,451 Publicly-Listed Companies 1.42x
TSX:PNE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PNE Share Price ÷ Book Value per Share (both in CAD)

= 0.1 ÷ 0.11

0.92x

* Primary Listing of Pine Cliff Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pine Cliff Energy is overvalued based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Pine Cliff Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Pine Cliff Energy has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Pine Cliff Energy expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.9%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Pine Cliff Energy expected to grow at an attractive rate?
  • Unable to compare Pine Cliff Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Pine Cliff Energy's earnings growth to the Canada market average as no estimate data is available.
  • Pine Cliff Energy's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:PNE Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:PNE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.9%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -4.4%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:PNE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PNE Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 15
2020-12-31 110 10 3
2019-12-31 106 7 1
TSX:PNE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 104 16 -70
2019-03-31 103 10 -64
2018-12-31 100 9 -73
2018-09-30 94 3 -77
2018-06-30 98 9 -97
2018-03-31 110 18 -81
2017-12-31 115 25 -68
2017-09-30 123 42 -32
2017-06-30 130 41 -13
2017-03-31 117 27 -37
2016-12-31 111 22 -50
2016-09-30 96 11 -57

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Pine Cliff Energy is high growth as no earnings estimate data is available.
  • Pine Cliff Energy's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:PNE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Pine Cliff Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PNE Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 -0.08 -0.08 -0.08 1.00
2019-12-31
TSX:PNE Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.23
2019-03-31 -0.21
2018-12-31 -0.24
2018-09-30 -0.25
2018-06-30 -0.31
2018-03-31 -0.26
2017-12-31 -0.22
2017-09-30 -0.10
2017-06-30 -0.04
2017-03-31 -0.12
2016-12-31 -0.16
2016-09-30 -0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pine Cliff Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pine Cliff Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pine Cliff Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Pine Cliff Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pine Cliff Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pine Cliff Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pine Cliff Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pine Cliff Energy's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Pine Cliff Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pine Cliff Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PNE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 103.99 -69.93 6.46
2019-03-31 103.31 -63.66 7.03
2018-12-31 100.03 -72.72 7.07
2018-09-30 94.16 -77.20 7.76
2018-06-30 97.91 -96.70 8.18
2018-03-31 110.25 -80.91 9.29
2017-12-31 114.87 -67.86 9.49
2017-09-30 123.47 -31.66 9.27
2017-06-30 129.68 -13.00 9.52
2017-03-31 116.78 -36.75 8.88
2016-12-31 110.93 -50.39 10.16
2016-09-30 95.93 -56.90 10.50
2016-06-30 85.29 -56.04 10.29
2016-03-31 82.11 -34.93 10.19
2015-12-31 73.77 -24.26 8.94
2015-09-30 76.42 -29.12 8.46
2015-06-30 72.70 -17.50 8.13
2015-03-31 71.35 -10.41 7.12
2014-12-31 70.31 -1.94 6.88
2014-09-30 59.12 9.75 6.62
2014-06-30 52.02 8.12 6.46
2014-03-31 45.22 5.61 6.11
2013-12-31 33.36 10.91 5.24
2013-09-30 23.62 6.52 4.89
2013-06-30 16.85 6.75 3.70
2013-03-31 10.04 6.49 3.03
2012-12-31 6.20 -1.07 2.29
2012-09-30 4.47 -0.26 1.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Pine Cliff Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pine Cliff Energy has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pine Cliff Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pine Cliff Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pine Cliff Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Pine Cliff Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pine Cliff Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pine Cliff Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pine Cliff Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pine Cliff Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pine Cliff Energy Company Filings, last reported 1 month ago.

TSX:PNE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 35.61 60.44 7.91
2019-03-31 54.79 60.36 6.93
2018-12-31 60.97 60.28 3.56
2018-09-30 88.99 60.20 4.59
2018-06-30 98.94 53.11 0.11
2018-03-31 116.22 53.54 0.19
2017-12-31 129.09 58.31 3.62
2017-09-30 161.06 50.86 2.54
2017-06-30 190.22 50.87 2.53
2017-03-31 192.58 59.66 3.80
2016-12-31 195.76 70.94 5.44
2016-09-30 190.98 111.41 0.11
2016-06-30 200.61 121.07 0.12
2016-03-31 220.05 144.68 4.66
2015-12-31 234.41 155.94 4.42
2015-09-30 167.22 43.55 4.48
2015-06-30 179.21 47.51 6.82
2015-03-31 181.75 39.27 7.52
2014-12-31 187.15 47.76 8.96
2014-09-30 197.49 3.28 50.40
2014-06-30 139.36 0.00 29.34
2014-03-31 133.63 0.00 19.95
2013-12-31 129.02 0.20 12.59
2013-09-30 106.06 20.49 11.86
2013-06-30 104.95 0.00 33.24
2013-03-31 80.52 0.07 10.58
2012-12-31 71.02 3.04 10.24
2012-09-30 5.31 18.92 0.07
  • Pine Cliff Energy's level of debt (169.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 169.7% today).
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.

  • Pine Cliff Energy has sufficient cash runway for more than 3 years based on current free cash flow.
  • Pine Cliff Energy has sufficient cash runway for 2.7 years if free cash flow continues to grow at historical rates of 105.6% each year.
X
Financial health checks
We assess Pine Cliff Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pine Cliff Energy has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Pine Cliff Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pine Cliff Energy dividends.
If you bought CA$2,000 of Pine Cliff Energy shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pine Cliff Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pine Cliff Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:PNE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 5%
Canada Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 3.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:PNE Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pine Cliff Energy has not reported any payouts.
  • Unable to verify if Pine Cliff Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pine Cliff Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pine Cliff Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pine Cliff Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pine Cliff Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pine Cliff Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Pine Cliff Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Phil Hodge
COMPENSATION CA$467,974
AGE 53
TENURE AS CEO 7.6 years
CEO Bio

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. Hodge served as Vice President, General Counsel and Corporate Secretary of Westport Innovations Inc., from November 2000 to March 31, 2006. He was responsible for the legal affairs and strategic and corporate development and corporate governance of Westport. He also has the primary responsibility for Westport’s expansion into the Chinese marketplace and has travelled to China extensively since 2002. He served as Vice President of Business Development and Vice President of Acquisitions and Divestments at one of the largest conventional oil and natural gas producers in North America. Mr. Hodge served as the Managing Director at a Calgary based investment bank. Prior to 2006, he served as Vice-President and General Counsel of a TSX listed company specializing in the development and manufacturing of natural gas engines where he was also responsible for the formation and growth of its business in China. Previously, he served as a Partner at Bennett Jones LLP from 1991 to 2000 and practised securities, mergers/acquisitions and corporate/commercial law in its Calgary, Alberta office. He has been a Director at Pine Cliff Energy Ltd. since December 21, 2011. He served as a Director of Westport Innovations Inc. since June 15, 2012 until June 3, 2016. He served as a Director of Cummins Westport Inc. Mr. Hodge obtained a Bachelor of Commerce degree in 1987 and a Bachelor of Laws degree in 1991 both from the University of Alberta.

CEO Compensation
  • Phil's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Phil's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Pine Cliff Energy management team in years:

4.6
Average Tenure
  • The tenure for the Pine Cliff Energy management team is about average.
Management Team

Phil Hodge

TITLE
President
COMPENSATION
CA$468K
AGE
53
TENURE
7.6 yrs

Cheryne Lowe

TITLE
Corporate Secretary & CFO
COMPENSATION
CA$119K
TENURE
2.6 yrs

Terry McNeill

TITLE
Chief Operating Officer
COMPENSATION
CA$339K
TENURE
4.6 yrs
Board of Directors Tenure

Average tenure and age of the Pine Cliff Energy board of directors in years:

7.6
Average Tenure
68
Average Age
  • The tenure for the Pine Cliff Energy board of directors is about average.
Board of Directors

George Fink

TITLE
Chairman of the Board
COMPENSATION
CA$92K
AGE
79
TENURE
7.6 yrs

Phil Hodge

TITLE
President
COMPENSATION
CA$468K
AGE
53
TENURE
8.6 yrs

Randy Jarock

TITLE
Director
COMPENSATION
CA$83K
TENURE
7.3 yrs

William Rice

TITLE
Director
COMPENSATION
CA$83K
TENURE
3.3 yrs

Gary Drummond

TITLE
Director
COMPENSATION
CA$83K
AGE
68
TENURE
15.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Pine Cliff Energy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
14. Aug 19 Buy Robert Disbrow Individual 13. Aug 19 13. Aug 19 123,500 CA$0.11 CA$13,585
14. Aug 19 Buy Terry McNeill Individual 14. Aug 19 14. Aug 19 26,000 CA$0.12 CA$2,990
13. Aug 19 Buy Robert Disbrow Individual 12. Aug 19 12. Aug 19 300,000 CA$0.12 CA$36,000
13. Aug 19 Buy Philip Hodge Individual 13. Aug 19 13. Aug 19 5,000 CA$0.12 CA$600
12. Aug 19 Buy Robert Disbrow Individual 09. Aug 19 09. Aug 19 50,000 CA$0.12 CA$6,000
09. Aug 19 Buy Robert Disbrow Individual 08. Aug 19 08. Aug 19 50,000 CA$0.13 CA$6,250
08. Aug 19 Buy Robert Disbrow Individual 07. Aug 19 07. Aug 19 100,000 CA$0.12 CA$12,000
07. Aug 19 Buy Robert Disbrow Individual 01. Aug 19 02. Aug 19 25,000 CA$0.12 CA$3,114
31. Jul 19 Buy Robert Disbrow Individual 30. Jul 19 31. Jul 19 362,000 CA$0.14 CA$48,798
29. Jul 19 Buy Robert Disbrow Individual 25. Jul 19 26. Jul 19 100,000 CA$0.15 CA$15,030
25. Jul 19 Buy Robert Disbrow Individual 24. Jul 19 24. Jul 19 100,000 CA$0.16 CA$16,000
24. Jul 19 Buy Robert Disbrow Individual 23. Jul 19 23. Jul 19 100,000 CA$0.17 CA$16,500
10. Jul 19 Sell Robert Disbrow Individual 10. Jul 19 10. Jul 19 -27,100 CA$0.18 CA$-4,856
08. Jul 19 Sell William Rice Individual 03. Jul 19 03. Jul 19 -35,000 CA$0.17 CA$-5,950
08. Jul 19 Buy William Rice Individual 03. Jul 19 05. Jul 19 70,000 CA$0.18 CA$12,620
03. Jul 19 Sell Robert Disbrow Individual 03. Jul 19 03. Jul 19 -10,000 CA$0.17 CA$-1,700
28. Jun 19 Buy Robert Disbrow Individual 28. Jun 19 28. Jun 19 200,000 CA$0.16 CA$32,000
27. Jun 19 Buy Robert Disbrow Individual 26. Jun 19 26. Jun 19 250,000 CA$0.16 CA$40,000
24. Jun 19 Sell Robert Disbrow Individual 21. Jun 19 21. Jun 19 -7,300 CA$0.18 CA$-1,277
18. Jun 19 Buy Robert Disbrow Individual 17. Jun 19 17. Jun 19 100,000 CA$0.18 CA$17,500
13. Jun 19 Buy Robert Disbrow Individual 10. Jun 19 10. Jun 19 663,800 CA$0.18 CA$119,484
11. Jun 19 Sell Robert Disbrow Individual 11. Jun 19 11. Jun 19 -15,000 CA$0.18 CA$-2,700
10. Jun 19 Buy Robert Disbrow Individual 07. Jun 19 07. Jun 19 10,000 CA$0.19 CA$1,850
05. Jun 19 Buy Robert Disbrow Individual 04. Jun 19 04. Jun 19 56,000 CA$0.19 CA$10,394
05. Jun 19 Buy Philip Hodge Individual 31. May 19 31. May 19 271,391 CA$0.23 CA$62,420
05. Jun 19 Buy George Fink Individual 31. May 19 31. May 19 2,173,913 CA$0.23 CA$500,001
04. Jun 19 Buy Robert Disbrow Individual 03. Jun 19 03. Jun 19 174,000 CA$0.19 CA$32,875
03. Jun 19 Buy Robert Disbrow Individual 31. May 19 31. May 19 326,087 CA$0.23 CA$75,000
23. May 19 Buy Robert Disbrow Individual 22. May 19 22. May 19 150,000 CA$0.19 CA$27,970
22. May 19 Buy Robert Disbrow Individual 21. May 19 21. May 19 380,400 CA$0.21 CA$77,894
17. May 19 Buy Robert Disbrow Individual 16. May 19 16. May 19 71,000 CA$0.22 CA$15,130
15. May 19 Buy Robert Disbrow Individual 14. May 19 15. May 19 131,000 CA$0.22 CA$27,917
03. May 19 Buy Robert Disbrow Individual 02. May 19 03. May 19 14,500 CA$0.23 CA$3,332
02. May 19 Sell Robert Disbrow Individual 01. May 19 01. May 19 -5,000 CA$0.23 CA$-1,150
29. Apr 19 Buy Robert Disbrow Individual 26. Apr 19 26. Apr 19 1,000 CA$0.23 CA$230
17. Apr 19 Buy Robert Disbrow Individual 16. Apr 19 16. Apr 19 17,000 CA$0.24 CA$4,080
16. Apr 19 Buy Robert Disbrow Individual 15. Apr 19 15. Apr 19 67,500 CA$0.24 CA$15,937
11. Apr 19 Buy Robert Disbrow Individual 11. Apr 19 11. Apr 19 2,500 CA$0.24 CA$600
09. Apr 19 Buy Robert Disbrow Individual 09. Apr 19 09. Apr 19 26,000 CA$0.24 CA$6,230
04. Apr 19 Buy Robert Disbrow Individual 04. Apr 19 04. Apr 19 40,000 CA$0.24 CA$9,600
27. Mar 19 Sell Robert Disbrow Individual 26. Mar 19 26. Mar 19 -63,000 CA$0.26 CA$-16,380
18. Mar 19 Buy Robert Disbrow Individual 27. Feb 19 27. Feb 19 3,000 CA$0.24 CA$720
06. Mar 19 Buy Robert Disbrow Individual 06. Mar 19 06. Mar 19 2,000 CA$0.24 CA$480
27. Feb 19 Buy Robert Disbrow Individual 25. Feb 19 25. Feb 19 42,500 CA$0.24 CA$10,200
13. Feb 19 Buy Robert Disbrow Individual 13. Feb 19 13. Feb 19 100,000 CA$0.24 CA$23,440
08. Feb 19 Buy Robert Disbrow Individual 07. Feb 19 07. Feb 19 6,000 CA$0.25 CA$1,500
04. Feb 19 Buy Robert Disbrow Individual 01. Feb 19 01. Feb 19 44,000 CA$0.25 CA$11,000
28. Jan 19 Buy Robert Disbrow Individual 25. Jan 19 28. Jan 19 100,000 CA$0.26 CA$26,282
25. Jan 19 Buy Robert Disbrow Individual 24. Jan 19 24. Jan 19 5,000 CA$0.25 CA$1,225
24. Jan 19 Buy Robert Disbrow Individual 23. Jan 19 23. Jan 19 12,000 CA$0.24 CA$2,880
23. Jan 19 Buy Robert Disbrow Individual 23. Jan 19 23. Jan 19 4,500 CA$0.24 CA$1,080
18. Jan 19 Buy Robert Disbrow Individual 18. Jan 19 18. Jan 19 20,500 CA$0.24 CA$4,920
17. Jan 19 Buy Robert Disbrow Individual 16. Jan 19 17. Jan 19 300,000 CA$0.25 CA$73,514
15. Jan 19 Buy Robert Disbrow Individual 14. Jan 19 15. Jan 19 100,000 CA$0.26 CA$25,348
11. Jan 19 Sell Robert Disbrow Individual 10. Jan 19 10. Jan 19 -20,500 CA$0.25 CA$-5,227
02. Jan 19 Buy William Rice Individual 02. Jan 19 02. Jan 19 20,000 CA$0.26 CA$5,140
01. Jan 19 Buy Robert Disbrow Individual 28. Dec 18 31. Dec 18 149,000 CA$0.24 CA$35,774
27. Dec 18 Buy Robert Disbrow Individual 21. Dec 18 21. Dec 18 500,000 CA$0.23 CA$115,000
26. Dec 18 Sell Robert Disbrow Individual 21. Dec 18 21. Dec 18 -600,000 CA$0.23 CA$-137,125
14. Dec 18 Buy Robert Disbrow Individual 13. Dec 18 13. Dec 18 150,000 CA$0.28 CA$41,000
20. Dec 18 Buy Robert Disbrow Individual 18. Dec 18 18. Dec 18 24,500 CA$0.26 CA$6,492
17. Dec 18 Buy Robert Disbrow Individual 14. Dec 18 14. Dec 18 500 CA$0.27 CA$133
11. Dec 18 Buy Robert Disbrow Individual 10. Dec 18 10. Dec 18 22,500 CA$0.28 CA$6,300
07. Dec 18 Buy Robert Disbrow Individual 06. Dec 18 06. Dec 18 10,000 CA$0.28 CA$2,800
06. Dec 18 Buy Robert Disbrow Individual 05. Dec 18 05. Dec 18 17,000 CA$0.28 CA$4,760
04. Dec 18 Sell Robert Disbrow Individual 03. Dec 18 03. Dec 18 -1,000,000 CA$0.31 CA$-305,000
04. Dec 18 Buy Robert Disbrow Individual 03. Dec 18 03. Dec 18 1,000,000 CA$0.31 CA$305,000
30. Nov 18 Sell Robert Disbrow Individual 29. Nov 18 29. Nov 18 -2,500 CA$0.34 CA$-850
23. Nov 18 Sell Robert Disbrow Individual 22. Nov 18 22. Nov 18 -5,000 CA$0.31 CA$-1,525
18. Nov 18 Sell Robert Disbrow Individual 15. Nov 18 15. Nov 18 -2,900 CA$0.31 CA$-894
18. Nov 18 Buy Robert Disbrow Individual 16. Nov 18 16. Nov 18 19,500 CA$0.30 CA$5,850
15. Nov 18 Buy Robert Disbrow Individual 14. Nov 18 14. Nov 18 30,500 CA$0.30 CA$9,150
12. Nov 18 Buy Robert Disbrow Individual 09. Nov 18 12. Nov 18 44,500 CA$0.29 CA$12,836
09. Nov 18 Buy Robert Disbrow Individual 08. Nov 18 08. Nov 18 6,000 CA$0.28 CA$1,680
09. Nov 18 Buy Philip Hodge Individual 09. Nov 18 09. Nov 18 7,000 CA$0.30 CA$2,065
29. Oct 18 Buy Robert Disbrow Individual 26. Oct 18 26. Oct 18 50,000 CA$0.29 CA$14,500
02. Oct 18 Buy William Rice Individual 02. Oct 18 02. Oct 18 20,000 CA$0.33 CA$6,600
28. Sep 18 Sell Robert Disbrow Individual 26. Sep 18 26. Sep 18 -10,000 CA$0.30 CA$-3,000
26. Sep 18 Buy Robert Disbrow Individual 24. Sep 18 25. Sep 18 100,000 CA$0.32 CA$31,260
24. Sep 18 Buy Robert Disbrow Individual 18. Sep 18 18. Sep 18 58,000 CA$0.33 CA$19,140
11. Sep 18 Sell Robert Disbrow Individual 07. Sep 18 07. Sep 18 -10,000 CA$0.35 CA$-3,500
X
Management checks
We assess Pine Cliff Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pine Cliff Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do Institutions Own Pine Cliff Energy Ltd. (TSE:PNE) Shares?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Pine Cliff Energy is a smaller company with a market capitalization of CA$41m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Pine Cliff Energy TSX:PNE Ownership Summary, August 8th 2019 What Does The Institutional Ownership Tell Us About Pine Cliff Energy? … Insider Ownership Of Pine Cliff Energy The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Easy Come, Easy Go: How Pine Cliff Energy (TSE:PNE) Shareholders Got Unlucky And Saw 90% Of Their Cash Evaporate

View our latest analysis for Pine Cliff Energy Pine Cliff Energy isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … Over five years, Pine Cliff Energy grew its revenue at 14% per year. … So we recommend checking out this free report showing consensus forecasts A Different Perspective Pine Cliff Energy shareholders are down 62% for the year, but the market itself is up 0.6%.

Simply Wall St -

You Might Like Pine Cliff Energy Ltd. (TSE:PNE) But Do You Like Its Debt?

Investors are always looking for growth in small-cap stocks like Pine Cliff Energy Ltd. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Before You Buy Pine Cliff Energy Ltd. (TSE:PNE), Consider Its Volatility

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … To use beta as an investor, you must first understand that the overall market has a beta of one. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Are Insiders Buying Pine Cliff Energy Ltd. (TSE:PNE) Stock?

So we'll take a look at whether insiders have been buying or selling shares in Pine Cliff Energy Ltd. … Pine Cliff Energy Insider Transactions Over The Last Year. … Overall, Pine Cliff Energy insiders were net buyers last year

Simply Wall St -

Our Take On Pine Cliff Energy Ltd.'s (TSE:PNE) CEO Salary

Phil Hodge has been the CEO of Pine Cliff Energy Ltd. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Phil Hodge's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Percentage Of Pine Cliff Energy Ltd. (TSE:PNE) Shares Do Insiders Own?

Every investor in Pine Cliff Energy Ltd. … Pine Cliff Energy is not a large company by global standards. … Check out our latest analysis for Pine Cliff Energy

Simply Wall St -

Is Pine Cliff Energy Ltd (TSE:PNE) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like Pine Cliff Energy Ltd (TSE:PNE), with a market cap of CA$97m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Is Pine Cliff Energy Ltd's (TSE:PNE) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like Pine Cliff Energy Ltd (TSE:PNE), with a market cap of CA$101.34m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

How Financially Strong Is Pine Cliff Energy Ltd (TSE:PNE)?

Additionally, PNE has produced CA$25.01M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 42.89%, signalling that PNE’s current level of operating cash is high enough to cover debt. … In PNE’s case, it is able to generate 0.43x cash from its debt capital. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: PNE’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Company Info

Description

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.

Details
Name: Pine Cliff Energy Ltd.
PNE
Exchange: TSX
Founded: 2004
CA$32,778,419
327,784,193
Website: http://www.pinecliffenergy.com
Address: Pine Cliff Energy Ltd.
1015-4th Street SW,
Suite 850,
Calgary,
Alberta, T2R 1J4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PNE Common Shares The Toronto Stock Exchange CA CAD 11. Apr 2005
OTCPK PIFY.F Common Shares Pink Sheets LLC US USD 11. Apr 2005
DB IPC Common Shares Deutsche Boerse AG DE EUR 11. Apr 2005
Number of employees
Current staff
Staff numbers
0
Pine Cliff Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/19 00:01
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/16
Last earnings filing: 2019/08/06
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.