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Pine Cliff Energy ( (TSE:PNE) ) just unveiled an update.
Pine Cliff Energy Ltd. has entered into a 25-year natural gas supply agreement with a private company to support a new data centre in Central Alberta, which will be constructed and operated by the private company. The data centre will not connect to the Alberta electrical grid and will rely on Pine Cliff’s natural gas supply, priced based on a 12-month average of the NYMEX price. This agreement reflects Pine Cliff’s strategic positioning in the energy market and its role in supporting infrastructure developments in Alberta, with potential implications for its operational stability and market presence.
More about Pine Cliff Energy
Pine Cliff Energy Ltd. is an Alberta-based natural gas and crude oil company focused on creating long-term shareholder value.
YTD Price Performance: 1.56%
Average Trading Volume: 117,936
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $228.8M
Learn more about PNE stock on TipRanks’ Stock Analysis page.
