TSX:PNE

Stock Analysis Report

Pine Cliff Energy

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.

Snowflake

Fundamentals

Slightly overvalued with concerning outlook.

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


Market Performance


7 Day Return

7.7%

PNE

-0.5%

CA Oil and Gas

-0.3%

CA Market


1 Year Return

-54.8%

PNE

-12.2%

CA Oil and Gas

0.9%

CA Market

Return vs Industry: PNE underperformed the Canadian Oil and Gas industry which returned -12.2% over the past year.

Return vs Market: PNE underperformed the Canadian Market which returned 0.9% over the past year.


Share holder returns

PNEIndustryMarket
7 Day7.7%-0.5%-0.3%
30 Day3.7%-2.7%-2.1%
90 Day-17.6%-4.7%-1.5%
1 Year-54.8%-54.8%-8.2%-12.2%4.4%0.9%
3 Year-87.2%-87.2%-14.4%-23.1%15.7%5.4%
5 Year-91.2%-91.2%-21.6%-33.5%26.1%7.9%

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

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: PNE (CA$0.14) is trading below our estimate of fair value (CA$0.64)

Significantly Undervalued: PNE is trading below fair value by more than 20%.


Price Based on Earnings

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 Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate PNE's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: PNE is overvalued based on its PB Ratio (1.3x) compared to the CA Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Pine Cliff Energy expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

6.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: Insufficient data to determine if PNE's forecast earnings growth is above the savings rate (1.9%).

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 (6.7% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: PNE's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High 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?

-39.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PNE is unprofitable, and losses have increased over the past 5 years at a rate of -39.2% 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 (62.2%).


Return on Equity

High ROE: PNE has a negative Return on Equity (-196.39%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: PNE is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: PNE is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Pine Cliff Energy's financial position?


Financial Position Analysis

Short Term Liabilities: PNE's short term assets (CA$23.3M) do not cover its short term liabilities (CA$24.4M)

Long Term Liabilities: PNE's short term assets (23.3M) do not cover its long term liabilities (323.8M)


Debt to Equity History and Analysis

Debt Level: PNE's debt to equity ratio (169.7%) is considered high

Reducing Debt: PNE's debt to equity ratio has increased from 0.03% to 169.7% 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 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PNE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage5.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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.

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

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

4.8yrs

Average management tenure


CEO

Phil Hodge (53yo)

7.8yrs

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. H ...


CEO Compensation Analysis

Compensation vs. Market: Phil's total compensation ($USD355.27K) is above average for companies of similar size in the Canadian market ($USD121.70K).

Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.8yrs

Average Tenure

Experienced Management: PNE's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

7.8yrs

Average Tenure

68yo

Average Age

Experienced Board: PNE's board of directors are considered experienced (7.8 years average tenure).


Insider Trading

Insider Buying: PNE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$2,86009 Oct 19
Robert Disbrow
EntityIndividual
Shares22,000
Max PriceCA$0.13
BuyCA$10,20707 Oct 19
Robert Disbrow
EntityIndividual
Shares72,904
Max PriceCA$0.14
BuyCA$5,85004 Oct 19
Robert Disbrow
EntityIndividual
Shares45,000
Max PriceCA$0.13
BuyCA$85,58301 Oct 19
Robert Disbrow
EntityIndividual
Shares610,000
Max PriceCA$0.14
BuyCA$14,00024 Sep 19
Robert Disbrow
EntityIndividual
Shares100,000
Max PriceCA$0.14
SellCA$14,55017 Sep 19
Robert Disbrow
EntityIndividual
Shares110,000
Max PriceCA$0.14
BuyCA$12,00009 Sep 19
Robert Disbrow
EntityIndividual
Shares100,000
Max PriceCA$0.12
BuyCA$10,50004 Sep 19
Robert Disbrow
EntityIndividual
Shares50,000
Max PriceCA$0.21
BuyCA$6,30528 Aug 19
Robert Disbrow
EntityIndividual
Shares63,000
Max PriceCA$0.10
BuyCA$2,55026 Aug 19
Robert Disbrow
EntityIndividual
Shares25,500
Max PriceCA$0.10
BuyCA$95,60021 Aug 19
Robert Disbrow
EntityIndividual
Shares956,000
Max PriceCA$0.10
BuyCA$5,00019 Aug 19
Robert Disbrow
EntityIndividual
Shares50,000
Max PriceCA$0.10
BuyCA$24,91516 Aug 19
Robert Disbrow
EntityIndividual
Shares226,500
Max PriceCA$0.11
BuyCA$2,99014 Aug 19
Terry McNeill
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares26,000
Max PriceCA$0.12
BuyCA$13,58514 Aug 19
Robert Disbrow
EntityIndividual
Shares123,500
Max PriceCA$0.11
BuyCA$60013 Aug 19
Philip Hodge
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceCA$0.12
BuyCA$36,00013 Aug 19
Robert Disbrow
EntityIndividual
Shares300,000
Max PriceCA$0.12
BuyCA$6,00012 Aug 19
Robert Disbrow
EntityIndividual
Shares50,000
Max PriceCA$0.12
BuyCA$6,25009 Aug 19
Robert Disbrow
EntityIndividual
Shares50,000
Max PriceCA$0.13
BuyCA$12,00008 Aug 19
Robert Disbrow
EntityIndividual
Shares100,000
Max PriceCA$0.12
BuyCA$3,11407 Aug 19
Robert Disbrow
EntityIndividual
Shares25,000
Max PriceCA$0.12
BuyCA$48,79831 Jul 19
Robert Disbrow
EntityIndividual
Shares362,000
Max PriceCA$0.14
BuyCA$15,03029 Jul 19
Robert Disbrow
EntityIndividual
Shares100,000
Max PriceCA$0.15
BuyCA$16,00025 Jul 19
Robert Disbrow
EntityIndividual
Shares100,000
Max PriceCA$0.16
BuyCA$16,50024 Jul 19
Robert Disbrow
EntityIndividual
Shares100,000
Max PriceCA$0.17
SellCA$4,85610 Jul 19
Robert Disbrow
EntityIndividual
Shares27,100
Max PriceCA$0.18
SellCA$5,95008 Jul 19
William Rice
EntityIndividual
Role
Member of the Board of Directors
Director
Shares35,000
Max PriceCA$0.17
BuyCA$12,62008 Jul 19
William Rice
EntityIndividual
Role
Member of the Board of Directors
Director
Shares70,000
Max PriceCA$0.18
SellCA$1,70003 Jul 19
Robert Disbrow
EntityIndividual
Shares10,000
Max PriceCA$0.17
BuyCA$32,00028 Jun 19
Robert Disbrow
EntityIndividual
Shares200,000
Max PriceCA$0.16
BuyCA$40,00027 Jun 19
Robert Disbrow
EntityIndividual
Shares250,000
Max PriceCA$0.16
SellCA$1,27724 Jun 19
Robert Disbrow
EntityIndividual
Shares7,300
Max PriceCA$0.17
BuyCA$17,50018 Jun 19
Robert Disbrow
EntityIndividual
Shares100,000
Max PriceCA$0.17
BuyCA$119,48413 Jun 19
Robert Disbrow
EntityIndividual
Shares663,800
Max PriceCA$0.18
SellCA$2,70011 Jun 19
Robert Disbrow
EntityIndividual
Shares15,000
Max PriceCA$0.18
BuyCA$1,85010 Jun 19
Robert Disbrow
EntityIndividual
Shares10,000
Max PriceCA$0.18
BuyCA$62,42005 Jun 19
Philip Hodge
EntityIndividual
Role
Chief Executive Officer
President
Shares271,391
Max PriceCA$0.23
BuyCA$500,00105 Jun 19
George Fink
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares2,173,913
Max PriceCA$0.23
BuyCA$10,39405 Jun 19
Robert Disbrow
EntityIndividual
Shares56,000
Max PriceCA$0.19
BuyCA$32,87504 Jun 19
Robert Disbrow
EntityIndividual
Shares174,000
Max PriceCA$0.19
BuyCA$75,00003 Jun 19
Robert Disbrow
EntityIndividual
Shares326,087
Max PriceCA$0.23
BuyCA$27,97023 May 19
Robert Disbrow
EntityIndividual
Shares150,000
Max PriceCA$0.19
BuyCA$67,39422 May 19
Robert Disbrow
EntityIndividual
Shares330,400
Max PriceCA$0.21
BuyCA$15,13017 May 19
Robert Disbrow
EntityIndividual
Shares71,000
Max PriceCA$0.21
BuyCA$27,91715 May 19
Robert Disbrow
EntityIndividual
Shares131,000
Max PriceCA$0.22
BuyCA$3,33203 May 19
Robert Disbrow
EntityIndividual
Shares14,500
Max PriceCA$0.23
SellCA$1,15002 May 19
Robert Disbrow
EntityIndividual
Shares5,000
Max PriceCA$0.23
BuyCA$23029 Apr 19
Robert Disbrow
EntityIndividual
Shares1,000
Max PriceCA$0.23
BuyCA$4,08017 Apr 19
Robert Disbrow
EntityIndividual
Shares17,000
Max PriceCA$0.24
BuyCA$15,93716 Apr 19
Robert Disbrow
EntityIndividual
Shares67,500
Max PriceCA$0.24
BuyCA$60011 Apr 19
Robert Disbrow
EntityIndividual
Shares2,500
Max PriceCA$0.24
BuyCA$6,23009 Apr 19
Robert Disbrow
EntityIndividual
Shares26,000
Max PriceCA$0.24
BuyCA$9,60004 Apr 19
Robert Disbrow
EntityIndividual
Shares40,000
Max PriceCA$0.24
SellCA$16,38027 Mar 19
Robert Disbrow
EntityIndividual
Shares63,000
Max PriceCA$0.26
BuyCA$72018 Mar 19
Robert Disbrow
EntityIndividual
Shares3,000
Max PriceCA$0.24
BuyCA$48006 Mar 19
Robert Disbrow
EntityIndividual
Shares2,000
Max PriceCA$0.24
BuyCA$10,20027 Feb 19
Robert Disbrow
EntityIndividual
Shares42,500
Max PriceCA$0.24
BuyCA$23,44013 Feb 19
Robert Disbrow
EntityIndividual
Shares100,000
Max PriceCA$0.24
BuyCA$1,50008 Feb 19
Robert Disbrow
EntityIndividual
Shares6,000
Max PriceCA$0.25
BuyCA$11,00004 Feb 19
Robert Disbrow
EntityIndividual
Shares44,000
Max PriceCA$0.25
BuyCA$26,28228 Jan 19
Robert Disbrow
EntityIndividual
Shares100,000
Max PriceCA$0.26
BuyCA$1,22525 Jan 19
Robert Disbrow
EntityIndividual
Shares5,000
Max PriceCA$0.24
BuyCA$2,88024 Jan 19
Robert Disbrow
EntityIndividual
Shares12,000
Max PriceCA$0.24
BuyCA$1,08023 Jan 19
Robert Disbrow
EntityIndividual
Shares4,500
Max PriceCA$0.24
BuyCA$4,92018 Jan 19
Robert Disbrow
EntityIndividual
Shares20,500
Max PriceCA$0.24
BuyCA$73,51417 Jan 19
Robert Disbrow
EntityIndividual
Shares300,000
Max PriceCA$0.25
BuyCA$25,34815 Jan 19
Robert Disbrow
EntityIndividual
Shares100,000
Max PriceCA$0.26
SellCA$5,22711 Jan 19
Robert Disbrow
EntityIndividual
Shares20,500
Max PriceCA$0.25
BuyCA$5,14002 Jan 19
William Rice
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,000
Max PriceCA$0.26
BuyCA$35,77401 Jan 19
Robert Disbrow
EntityIndividual
Shares149,000
Max PriceCA$0.24
BuyCA$115,00027 Dec 18
Robert Disbrow
EntityIndividual
Shares500,000
Max PriceCA$0.23
SellCA$137,12526 Dec 18
Robert Disbrow
EntityIndividual
Shares600,000
Max PriceCA$0.23
BuyCA$6,49220 Dec 18
Robert Disbrow
EntityIndividual
Shares24,500
Max PriceCA$0.26
BuyCA$13317 Dec 18
Robert Disbrow
EntityIndividual
Shares500
Max PriceCA$0.27
BuyCA$41,00014 Dec 18
Robert Disbrow
EntityIndividual
Shares150,000
Max PriceCA$0.28
BuyCA$6,30011 Dec 18
Robert Disbrow
EntityIndividual
Shares22,500
Max PriceCA$0.28
BuyCA$2,80007 Dec 18
Robert Disbrow
EntityIndividual
Shares10,000
Max PriceCA$0.28
BuyCA$4,76006 Dec 18
Robert Disbrow
EntityIndividual
Shares17,000
Max PriceCA$0.28
SellCA$305,00004 Dec 18
Robert Disbrow
EntityIndividual
Shares1,000,000
Max PriceCA$0.30
BuyCA$305,00004 Dec 18
Robert Disbrow
EntityIndividual
Shares1,000,000
Max PriceCA$0.30
SellCA$85030 Nov 18
Robert Disbrow
EntityIndividual
Shares2,500
Max PriceCA$0.34
SellCA$1,52523 Nov 18
Robert Disbrow
EntityIndividual
Shares5,000
Max PriceCA$0.31
SellCA$89418 Nov 18
Robert Disbrow
EntityIndividual
Shares2,900
Max PriceCA$0.31
BuyCA$5,85018 Nov 18
Robert Disbrow
EntityIndividual
Shares19,500
Max PriceCA$0.30
BuyCA$9,15015 Nov 18
Robert Disbrow
EntityIndividual
Shares30,500
Max PriceCA$0.30
BuyCA$12,83612 Nov 18
Robert Disbrow
EntityIndividual
Shares44,500
Max PriceCA$0.29
BuyCA$1,68009 Nov 18
Robert Disbrow
EntityIndividual
Shares6,000
Max PriceCA$0.28
BuyCA$2,06509 Nov 18
Philip Hodge
EntityIndividual
Role
Chief Executive Officer
President
Shares7,000
Max PriceCA$0.29
BuyCA$14,50029 Oct 18
Robert Disbrow
EntityIndividual
Shares50,000
Max PriceCA$0.29

Ownership Breakdown


Management Team

  • Phil Hodge (53yo)

    President

    • Tenure: 7.8yrs
    • Compensation: CA$467.97k
  • Terry McNeill

    Chief Operating Officer

    • Tenure: 4.8yrs
    • Compensation: CA$339.05k
  • Cheryne Lowe

    Corporate Secretary & CFO

    • Tenure: 2.8yrs
    • Compensation: CA$118.94k

Board Members

  • George Fink (79yo)

    Chairman of the Board

    • Tenure: 7.8yrs
    • Compensation: CA$92.23k
  • Gary Drummond (68yo)

    Director

    • Tenure: 15.8yrs
    • Compensation: CA$82.94k
  • Phil Hodge (53yo)

    President

    • Tenure: 7.8yrs
    • Compensation: CA$467.97k
  • Randy Jarock

    Director

    • Tenure: 7.4yrs
    • Compensation: CA$82.94k
  • William Rice

    Director

    • Tenure: 3.4yrs
    • Compensation: CA$82.94k

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$45.890m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PNETSX (The Toronto Stock Exchange)YesCommon SharesCACADApr 2005
PIFY.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2005
IPCDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 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 primari ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:59
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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