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The latest announcement is out from Pine Cliff Energy ( (TSE:PNE) ).
Pine Cliff Energy Ltd. has announced a 2025 capital spending program of approximately $23.5 million, with $12.5 million allocated to strategic drilling in Central Alberta and the remainder for facilities maintenance and asset retirement obligations. The company has shifted its capital allocation strategy, reducing its annual dividend from $0.06 to $0.015 per share, as it resumes drilling activities in response to improved economic conditions in the Canadian gas market.
More about Pine Cliff Energy
Pine Cliff Energy Ltd. is a natural gas and crude oil company focused on creating long-term shareholder value.
YTD Price Performance: -19.52%
Average Trading Volume: 70,763
Technical Sentiment Signal: Buy
Current Market Cap: $172.8M
Find detailed analytics on PNE stock on TipRanks’ Stock Analysis page.