Pine Cliff Energy Reports 2024 Results with Increased Reserves and Dividends

Pine Cliff Energy ( (TSE:PNE) ) has issued an announcement.

Pine Cliff Energy Ltd. announced its 2024 annual results, highlighting an increase in year-end reserves and a dividend declaration. Despite a decrease in adjusted funds flow and a net loss for the year, the company saw a significant increase in production and proceeds from asset dispositions. The announcement reflects Pine Cliff’s strategic focus on optimizing its operations and maintaining shareholder value through dividends, despite the financial challenges faced in 2024.

More about Pine Cliff Energy

Pine Cliff Energy Ltd. operates in the energy sector, focusing on oil and gas exploration and production. The company is listed on the TSX and OTCQX markets, emphasizing its role in the oil and gas industry with a focus on increasing production and managing reserves.

YTD Price Performance: -15.87%

Average Trading Volume: 102,249

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $196.1M

For detailed information about PNE stock, go to TipRanks’ Stock Analysis page.