Latest news with #PineCliffEnergy
Globe and Mail
16 hours ago
- Business
- Globe and Mail
Pine Cliff Energy Ltd. Declares Monthly Dividend for July 31, 2025
Calgary, Alberta--(Newsfile Corp. - July 3, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid July 31, 2025, to shareholders of record on July 15, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on as well as on Pine Cliff's website at
Globe and Mail
02-06-2025
- Business
- Globe and Mail
Pine Cliff Energy Ltd. Declares Monthly Dividend for June 30, 2025 and Announces Renewal and Extension of Debt Facilities
Calgary, Alberta--(Newsfile Corp. - June 2, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.00125 per common share to be paid June 30, 2025, to shareholders of record on June 16, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. Renewal and Extension of Debt Facilities Pine Cliff is pleased to announce it has finalized the renewal of its demand loan with a Canadian chartered bank at $15 million. The reduction to $12 million that was previously scheduled for May 31 has been eliminated. The Company has also amended the agreement with its term debt holder to reduce its annual scheduled amortization payments to 7.5% of the initial principal balance from 15.0% previously, while also extending the maturity date on the facility to January 3, 2028. The dividend-linked amortization payments introduced in late 2024 have been eliminated. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on as well as on Pine Cliff's website at For further information, please contact:
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Pine Cliff Energy Ltd. Announces Results of Shareholders' Meeting and Annual Share Unit and Stock Option Grant
Calgary, Alberta--(Newsfile Corp. - May 20, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce all matters presented for approval at the Annual and Special Meeting of Shareholders on May 20, 2025 (the "Meeting") have been approved. A total of 134,450,284 common shares representing 37.51% of Pine Cliff's issued and outstanding common shares were voted in connection with the Meeting. Each of the six nominees proposed by Pine Cliff and as set out in the Information Circular - Proxy Statement provided to shareholders in connection with the Meeting were duly elected as directors. Each of the nominees was elected as shown below: Name of Nominee Voted For Percent Votes Withheld Percent Hilary A. Foulkes 120,880,996 90.70% 12,387,445 9.30% Robert B. Fryk 120,872,831 90.70% 12,395,610 9.30% Philip B. Hodge 133,110,594 99.88% 157,847 0.12% Calvin B. Jacober 121,076,479 90.85% 12,191,962 9.15% Jacqueline R. Ricci 120,603,015 90.50% 12,665,426 9.50% William S. Rice, K.C. 121,076,878 90.85% 12,191,563 9.15% Deloitte LLP, Chartered Accountants, were appointed auditors of the Company for the ensuing year and the Board of Directors of Pine Cliff (the " Board") were authorized to fix their remuneration. The complete report on the voting results for the Meeting is available under the Company's profile at The share unit plan (" Share Unit Plan") was approved as set out in the Information Circular - Proxy Statement provided to shareholders in connection with the Meeting. The Share Unit Plan provides for the grant of share units and deferred share units, both of which many be settled in cash or common stock issued from treasury or the open market, or some combination thereof. The introduction of the Share Unit Plan is intended to supplement the existing stock option plan, noting that aggregate security-based compensation continues to be restricted to a maximum total of 10% of the common shares issued and outstanding. The Board has approved an annual stock option grant of an aggregate of 10,097,341 deferred share units, restricted share units and stock options to its directors, officers and employees. The deferred share units issued to Board members vest upon resignation or retirement from the Board. The restricted share units vest over three years annually beginning on May 20, 2026. The stock options vest over three years annually, have an exercise price of $0.55 per share and will expire between May 20, 2027, and May 20, 2029. About Pine Cliff Pine Cliff is a natural gas and oil company with a long-term view of creating shareholder value. Pine Cliff's current focus is on acquiring, developing, and operating long life assets that generate free funds flow that allows for capital to be returned to shareholders in the form of a dividend. Further information relating to Pine Cliff may be found on as well as on Pine Cliff's website at
Yahoo
11-05-2025
- Business
- Yahoo
Pine Cliff Energy First Quarter 2025 Earnings: CA$0.01 loss per share (vs CA$0.014 loss in 1Q 2024)
Revenue: CA$46.0m (down 3.5% from 1Q 2024). Net loss: CA$2.74m (loss narrowed by 44% from 1Q 2024). CA$0.01 loss per share (improved from CA$0.014 loss in 1Q 2024). We've discovered 1 warning sign about Pine Cliff Energy. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Pine Cliff Energy shares are up 1.8% from a week ago. We should say that we've discovered 1 warning sign for Pine Cliff Energy that you should be aware of before investing here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-04-2025
- Business
- Yahoo
Pine Cliff Energy (TSE:PNE) Is Due To Pay A Dividend Of CA$0.0013
Pine Cliff Energy Ltd. (TSE:PNE) has announced that it will pay a dividend of CA$0.0013 per share on the 30th of April. This makes the dividend yield 9.8%, which will augment investor returns quite nicely. While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Pine Cliff Energy's stock price has reduced by 34% in the last 3 months, which is not ideal for investors and can explain a sharp increase in the dividend yield. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. The company is paying out a large amount of its cash flows, even though it isn't generating any profit. This makes us feel that the dividend will be hard to maintain. If the trend of the last few years continues, EPS will grow by 29.0% over the next 12 months. While it is good to see income moving in the right direction, it still looks like the company won't achieve profitability. Unfortunately, for the dividend to continue at current levels the company definitely needs to get there sooner rather than later. View our latest analysis for Pine Cliff Energy The track record isn't the longest, but we are already seeing a bit of instability in the payments. The annual payment during the last 3 years was CA$0.0996 in 2022, and the most recent fiscal year payment was CA$0.06. Dividend payments have fallen sharply, down 40% over that time. A company that decreases its dividend over time generally isn't what we are looking for. Dividends have been going in the wrong direction, so we definitely want to see a different trend in the earnings per share. Pine Cliff Energy has seen EPS rising for the last five years, at 29% per annum. While the company hasn't yet recorded a profit, the growth rates are healthy. If profitability can be achieved soon and growth continues apace, this stock could certainly turn into a solid dividend payer. In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Pine Cliff Energy's payments, as there could be some issues with sustaining them into the future. In general, the distributions are a little bit higher than we would like, but we can't ignore the fact the quickly growing earnings gives this stock great potential in the future. We would be a touch cautious of relying on this stock primarily for the dividend income. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out 1 warning sign for Pine Cliff Energy that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
