Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on PINE CLIFF ENERGY LTD. We currently have 30 research reports from 1 professional analysts.
|13Apr17 01:15||MKW||Pine Cliff Energy Ltd. Announces Borrowing Base Redetermination|
|03Apr17 13:00||MKW||Pine Cliff Energy Ltd. Announces Extension of Borrowing Base Redetermination|
|14Mar17 23:24||MKW||Pine Cliff Energy Ltd. Announces Record Revenue and Funds Flow, Fourth Quarter and Annual 2016 Results|
|14Feb17 01:24||MKW||Pine Cliff Energy Ltd. Announces 2017 Guidance, 2016 Bank Debt Reduction and Year-End Reserves|
|05Jan17 23:55||MKW||Pine Cliff Energy Ltd. Announces Resignation of CFO and Appointment of New CFO|
|18Mar16 00:00||MKW||Pine Cliff Energy Ltd. Announces its Fourth Quarter and Annual 2015 Results|
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PINE CLIFF ENERGY LTD
PINE CLIFF ENERGY LTD
Resolves Liquidity Concerns, Announces 2Q16 Results
12 Aug 16
Pine Cliff announced a private placement with Alberta Investment Management Corporation (AIMCo) that brought in $30 mm of proceeds that will be used to term out a portion of the Company’s outstanding debt, thus eliminating any near-term liquidity concerns that were associated with the stock. Concurrently the Company announced its credit facility has been reduced to $85 mm, with the Company having eliminated its Syndicate exposure by $100 mm since the beginning of the year. Second quarter results were in line to modestly behind expectations, with the Company remaining focused on its acquisition strategy. With no material changes to our 2017e outlook and our target multiple largely intact, we have maintained both our Outperform ranking and $1.25 per share target price.
ANNOUNCES 2Q16 RESULTS, CONCLUSION OF BANK LINE REVIEW, CLOSING OF A PRIVATE PLACEMENT
10 Aug 16
Impact - slightly positive as while second quarter results were modestly behind expectations, resolution of the borrowing base redetermination and private placement to term out a portion of the Company's outstanding debt should remove any liquidity concerns and provide the near term financial flexibility to continue to focus on the operational side of the business while managing through the current period of low commodity prices
ANNOUNCES ISSUANCE OF INSIDER SUBORDINATED DEBT, SALE OF NON-CORE ASSETS, AND EXTENSION OF BORROWING BASE REDETERMINATION
02 Aug 16
Impact - slightly positive as the debt issuance terms out a portion of the Company's outstanding debt and coupled with the asset sale will increase near-term financial flexibility as the Company continues to work through its bank line redetermination
2Q16e Quarterly Preview
26 Jul 16
Some Recovery on Segmented Cash Flow Generation Over Q1 Though Still Down 56% Y/Y. In aggregate, the Intermediate, Mid, and Small Cap groups are expected to generate 2Q16e cash flow of $1,281 mm, $183 mm, and $53 mm, or $1.517 billion in total, that while depressed relative to the same period last year (~$2.647 billion combined), is up 17% sequentially from the prior quarter, largely on the strength of crude oil price recovery in the period. Severely weak natural gas pricing picture markedly reversed into summer, market likely to ignore financials for natural gas producers and look ahead to winter and formalization of sell-side 2018e estimates in coming months. Spot AECO natural gas prices recently crested C$2.60/mcf, and with a reasonable alignment of previously distressed NE BC Stn2 differentials, augmented by a withdrawal expected next week, view the market psyche as constructive and looking ahead, with the analogy that this market is shaping up to mirror 2012 still holding. That said, with crude oil poised to retest support levels, combined with strong stock price performance broadly observed YTD, we would characterize sentiment as slightly pessimistic in the near-term which could reduce or unwind momentum-based investment strategies that have worked thus far in 2016.
Pine Cliff Energy Sells Royalty Assets, Shores up Balance Sheet in Midst of Credit Facility Review
28 Jun 16
Pine Cliff announced the sale of its royalty assets as well as the sale of its investments in public companies, bringing in combined proceeds of ~$30 mm, which will be used to pay down debt thus increasing the Company’s financial flexibility as work on the Company’s borrowing base redetermination continues.
19 Apr 17
We take a look at the supply and demand dynamics of the world’s largest diamonds. Less than 200 very large (>200 carat) gem quality diamonds have ever been found, yet 23 of these have been found in the past three years. This dramatic increase is being driven by a combination of the rapid increase in the number of billionaires and hence price and demand, combined with technological developments that have improved large diamond recovery and a certain amount of geological good luck.
Small Cap Breakfast
19 Apr 17
Global Ports Holding—Intention to float on Standard List. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected 3 May. RTO of Escape Hunt raising £14m at 135p Verditek— Intention to float on AIM. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Raising £3.5m. Admission in May. Eddie Stobart Logistics— Schedule 1. Admission expected 25 April but capital raising details TBC. ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. Admission expected in May. Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.
24 Apr 17
Lok’nStore* (LOK): Growth supported by a strong balance sheet (CORP) | Mortice* (MORT): UK acquisition (CORP) | Avacta* (AVCT): Another milestone – 1st non-therapeutics licence (CORP) | Petra Diamonds (PDF): Trading update and Q3 results (BUY) | Nasstar* (NASA): Growth and margin focus (CORP)