Join Adelaide Capital for a webinar featuring Pine Cliff!

Pine Cliff Energy:

📌 Shares Outstanding: 358.1M

📌 Market Cap: $243.44M

📌 Net Debt: $43M

📌 Enterprise Value: $286.44M

📌 Current Production: 21,283 boepd

📌 2P NPV 10% 548.1M

📌 Tax Pools: $352M

📌 Insider Ownership: 17% FD, Institutional Ownership Over 10%

📌 Dividend Yield: 2.2% (recently cut by $75M)

✅ PNE has a low decline asset base of <10% with 79% levered to natural gas. Every $0.10 change in AECO equals $3.3M in Cash flow. Providing the company with exposure to the significant rising gas demand for LNG and as a power source for AI data farms.

✅ PNE recently announced a behind-the-fence Data Centre in Central Alberta. PNE will provide 3.2-4.5MMCf/d with pricing tied to NYMEX.

✅ In addition to gas exposure, the company provides oil exposure in the Sundre and Drumheller area. Plans to spud their first Glauconite well this fall. Capex will be $23M on a base of $30M of cashflow - approximately 28% of cashflow. Over 48% of their production is hedged between $2.00-3.00 AECO for the next 2Q's and is committed to keep hedging at the same level of production. The company also provides a $0.00125/month dividend.

✅ PNE historically traded over 6X ev/ebidta, now 3.2x, with multiple catalysts on the horizon.

✅ It is a great time to revisit this name.