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Pine Cliff Energy

DB:IPC
Snowflake Description

Moderate growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IPC
DB
CA$36M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, crude oil, and natural gas liquids in the Western Canadian Sedimentary Basin. The last earnings update was 28 days ago. More info.


Add to Portfolio Compare Print
  • Pine Cliff Energy has significant price volatility in the past 3 months.
IPC Share Price and Events
7 Day Returns
16.3%
DB:IPC
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-61.5%
DB:IPC
34.4%
DE Oil and Gas
-14.2%
DE Market
IPC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pine Cliff Energy (IPC) 16.3% 45.8% -38.9% -61.5% -87.8% -94.3%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • IPC underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • IPC underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
IPC
Industry
5yr Volatility vs Market

IPC Value

 Is Pine Cliff Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pine Cliff Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pine Cliff Energy.

DB:IPC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:IPC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 26.5%) (178.47%))
1.836
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.836 * 5.44%)
9.6%

Discounted Cash Flow Calculation for DB:IPC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pine Cliff Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:IPC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.6%)
2020 -8.75 Analyst x4 -7.98
2021 3.67 Analyst x3 3.05
2022 4.39 Est @ 19.71% 3.33
2023 4.99 Est @ 13.68% 3.46
2024 5.46 Est @ 9.46% 3.45
2025 5.82 Est @ 6.5% 3.36
2026 6.07 Est @ 4.43% 3.20
2027 6.26 Est @ 2.99% 3.01
2028 6.38 Est @ 1.97% 2.80
2029 6.46 Est @ 1.26% 2.58
Present value of next 10 years cash flows CA$20.00
DB:IPC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$6.46 × (1 + -0.39%) ÷ (9.6% – -0.39%)
CA$64.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$64.44 ÷ (1 + 9.6%)10
CA$25.77
DB:IPC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$20.00 + CA$25.77
CA$45.77
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$45.77 / 327.78
CA$0.14
DB:IPC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IPC represents 0.605x of TSX:PNE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.605x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.14 x 0.605
€0.08
Value per share (EUR) From above. €0.08
Current discount Discount to share price of €0.06
= -1 x (€0.06 - €0.08) / €0.08
28.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pine Cliff Energy is available for.
Intrinsic value
28%
Share price is €0.0605 vs Future cash flow value of €0.08449
Current Discount Checks
For Pine Cliff Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pine Cliff Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pine Cliff Energy's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pine Cliff Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pine Cliff Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IPC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-0.18
TSX:PNE Share Price ** TSX (2020-04-08) in CAD CA$0.1
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pine Cliff Energy.

DB:IPC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PNE Share Price ÷ EPS (both in CAD)

= 0.1 ÷ -0.18

-0.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pine Cliff Energy is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Pine Cliff Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Pine Cliff Energy's expected growth come at a high price?
Raw Data
DB:IPC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pine Cliff Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pine Cliff Energy's assets?
Raw Data
DB:IPC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$0.03
TSX:PNE Share Price * TSX (2020-04-08) in CAD CA$0.1
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:IPC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PNE Share Price ÷ Book Value per Share (both in CAD)

= 0.1 ÷ 0.03

3.12x

* Primary Listing of Pine Cliff Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pine Cliff Energy is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Pine Cliff Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Pine Cliff Energy has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IPC Future Performance

 How is Pine Cliff Energy expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
37.5%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Pine Cliff Energy expected to grow at an attractive rate?
  • Pine Cliff Energy's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Pine Cliff Energy's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Pine Cliff Energy's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:IPC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IPC Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 37.5%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:IPC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IPC Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 12
2020-12-31 1
2020-04-08
DB:IPC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 99 16 -56
2019-09-30 99 13 -77
2019-06-30 104 16 -70
2019-03-31 103 10 -64
2018-12-31 100 9 -73
2018-09-30 98 3 -77
2018-06-30 98 9 -97
2018-03-31 110 18 -81
2017-12-31 115 25 -68
2017-09-30 123 42 -32
2017-06-30 130 41 -13
2017-03-31 117 27 -37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pine Cliff Energy's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Pine Cliff Energy is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:IPC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Pine Cliff Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IPC Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -0.08 -0.07 -0.09 2.00
2020-12-31 -0.13 -0.12 -0.14 2.00
2020-04-08
DB:IPC Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -0.18
2019-09-30 -0.25
2019-06-30 -0.23
2019-03-31 -0.21
2018-12-31 -0.24
2018-09-30 -0.25
2018-06-30 -0.31
2018-03-31 -0.26
2017-12-31 -0.22
2017-09-30 -0.10
2017-06-30 -0.04
2017-03-31 -0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pine Cliff Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pine Cliff Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pine Cliff Energy has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IPC Past Performance

  How has Pine Cliff Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pine Cliff Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pine Cliff Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pine Cliff Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pine Cliff Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Pine Cliff Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pine Cliff Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IPC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 99.43 -56.43 6.18
2019-09-30 99.31 -76.96 6.06
2019-06-30 103.99 -69.93 6.46
2019-03-31 103.31 -63.66 7.03
2018-12-31 100.03 -72.72 7.07
2018-09-30 98.20 -77.20 7.76
2018-06-30 97.91 -96.70 8.18
2018-03-31 110.25 -80.91 9.29
2017-12-31 114.87 -67.86 9.49
2017-09-30 123.47 -31.66 9.27
2017-06-30 129.68 -13.00 9.52
2017-03-31 116.78 -36.75 8.88
2016-12-31 110.93 -50.39 10.16
2016-09-30 95.93 -56.90 10.50
2016-06-30 85.29 -56.04 10.29
2016-03-31 82.11 -34.93 10.19
2015-12-31 73.77 -24.26 8.94
2015-09-30 76.42 -29.12 8.46
2015-06-30 72.70 -17.50 8.13
2015-03-31 71.35 -10.41 7.12
2014-12-31 70.31 -1.94 6.88
2014-09-30 59.12 9.75 6.62
2014-06-30 52.02 8.12 6.46
2014-03-31 45.22 5.61 6.11
2013-12-31 33.36 10.91 5.24
2013-09-30 23.62 6.52 4.89
2013-06-30 16.85 6.75 3.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Pine Cliff Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pine Cliff Energy has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pine Cliff Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pine Cliff Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pine Cliff Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IPC Health

 How is Pine Cliff Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pine Cliff Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pine Cliff Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pine Cliff Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pine Cliff Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pine Cliff Energy Company Filings, last reported 3 months ago.

DB:IPC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 10.51 60.64 8.66
2019-09-30 18.15 60.52 3.93
2019-06-30 35.61 60.44 7.91
2019-03-31 54.79 60.36 6.93
2018-12-31 60.97 60.28 3.56
2018-09-30 88.99 60.20 4.59
2018-06-30 98.94 53.11 0.11
2018-03-31 116.22 53.54 0.19
2017-12-31 129.09 58.31 3.62
2017-09-30 161.06 50.86 2.54
2017-06-30 190.22 50.87 2.53
2017-03-31 192.58 59.66 3.80
2016-12-31 195.76 70.94 5.44
2016-09-30 190.98 111.41 0.11
2016-06-30 200.61 121.07 0.12
2016-03-31 220.05 144.68 4.66
2015-12-31 234.41 155.94 4.42
2015-09-30 167.22 43.55 4.48
2015-06-30 179.21 47.51 6.82
2015-03-31 181.75 39.27 7.52
2014-12-31 187.15 47.76 8.96
2014-09-30 197.49 3.28 50.40
2014-06-30 139.36 0.00 29.34
2014-03-31 133.63 0.00 19.95
2013-12-31 129.02 0.20 12.59
2013-09-30 106.06 20.49 11.86
2013-06-30 104.95 0.00 33.24
  • Pine Cliff Energy's level of debt (577%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.5% vs 577% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Pine Cliff Energy has sufficient cash runway for more than 3 years based on current free cash flow.
  • Pine Cliff Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 33.9% each year.
X
Financial health checks
We assess Pine Cliff Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pine Cliff Energy has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IPC Dividends

 What is Pine Cliff Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pine Cliff Energy dividends.
If you bought €2,000 of Pine Cliff Energy shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pine Cliff Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pine Cliff Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:IPC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:IPC Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-08

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pine Cliff Energy has not reported any payouts.
  • Unable to verify if Pine Cliff Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pine Cliff Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pine Cliff Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pine Cliff Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pine Cliff Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pine Cliff Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IPC Management

 What is the CEO of Pine Cliff Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Phil Hodge
COMPENSATION CA$467,974
AGE 53
TENURE AS CEO 8.3 years
CEO Bio

Mr. Philip Blake Hodge, also known as Phil, B.Comm., LLB, has been the Chief Executive Officer and President of Pine Cliff Energy Ltd., a subsidiary of Geomark Exploration Ltd. since January 2, 2012. Mr. Hodge served as Vice President, General Counsel and Corporate Secretary of Westport Innovations Inc., from November 2000 to March 31, 2006. He was responsible for the legal affairs and strategic and corporate development and corporate governance of Westport. He also has the primary responsibility for Westport’s expansion into the Chinese marketplace and has travelled to China extensively since 2002. He served as Vice President of Business Development and Vice President of Acquisitions and Divestments at one of the largest conventional oil and natural gas producers in North America. Mr. Hodge served as the Managing Director at a Calgary based investment bank. Prior to 2006, he served as Vice-President and General Counsel of a TSX listed company specializing in the development and manufacturing of natural gas engines where he was also responsible for the formation and growth of its business in China. Previously, he served as a Partner at Bennett Jones LLP from 1991 to 2000 and practised securities, mergers/acquisitions and corporate/commercial law in its Calgary, Alberta office. He has been a Director at Pine Cliff Energy Ltd. since December 21, 2011. He served as a Director of Westport Innovations Inc. since June 15, 2012 until June 3, 2016. He served as a Director of Cummins Westport Inc. Mr. Hodge obtained a Bachelor of Commerce degree in 1987 and a Bachelor of Laws degree in 1991 both from the University of Alberta.

CEO Compensation
  • Phil's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Phil's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Pine Cliff Energy management team in years:

5.3
Average Tenure
  • The average tenure for the Pine Cliff Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Phil Hodge

TITLE
President
COMPENSATION
CA$468K
AGE
53
TENURE
8.3 yrs

Alan MacDonald

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$221K
AGE
61
TENURE
0.3 yrs

Terry McNeill

TITLE
Chief Operating Officer
COMPENSATION
CA$339K
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the Pine Cliff Energy board of directors in years:

8.3
Average Tenure
68
Average Age
  • The tenure for the Pine Cliff Energy board of directors is about average.
Board of Directors

George Fink

TITLE
Chairman of the Board
COMPENSATION
CA$92K
AGE
79
TENURE
8.3 yrs

Phil Hodge

TITLE
President
COMPENSATION
CA$468K
AGE
53
TENURE
9.3 yrs

Randy Jarock

TITLE
Independent Director
COMPENSATION
CA$83K
TENURE
7.9 yrs

William Rice

TITLE
Independent Director
COMPENSATION
CA$83K
TENURE
3.9 yrs

Gary Drummond

TITLE
Independent Director
COMPENSATION
CA$83K
AGE
68
TENURE
16.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Pine Cliff Energy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
31. Mar 20 Buy William Rice Individual 31. Mar 20 31. Mar 20 50,000 €0.06 €3,210
30. Mar 20 Buy George Fink Individual 27. Mar 20 30. Mar 20 200,000 €0.06 €12,047
26. Mar 20 Buy George Fink Individual 25. Mar 20 25. Mar 20 100,000 €0.05 €5,157
24. Mar 20 Buy George Fink Individual 18. Mar 20 24. Mar 20 180,000 €0.04 €7,316
20. Mar 20 Buy Philip Hodge Individual 20. Mar 20 20. Mar 20 5,000 €0.04 €195
20. Mar 20 Buy George Fink Individual 17. Mar 20 17. Mar 20 150,000 €0.04 €6,254
19. Mar 20 Buy Robert Disbrow Individual 18. Mar 20 18. Mar 20 117,700 €0.04 €4,024
12. Mar 20 Buy Robert Disbrow Individual 11. Mar 20 11. Mar 20 272,000 €0.05 €12,299
11. Mar 20 Buy Robert Disbrow Individual 10. Mar 20 10. Mar 20 27,000 €0.05 €1,298
10. Mar 20 Buy Robert Disbrow Individual 09. Mar 20 09. Mar 20 1,000 €0.05 €45
09. Mar 20 Buy Robert Disbrow Individual 06. Mar 20 06. Mar 20 195,500 €0.07 €12,854
06. Mar 20 Buy Robert Disbrow Individual 05. Mar 20 05. Mar 20 4,500 €0.07 €300
26. Feb 20 Buy Robert Disbrow Individual 25. Feb 20 25. Feb 20 40,500 €0.08 €3,222
28. Feb 20 Buy Philip Hodge Individual 31. May 19 31. May 19 217,391 €0.15 €33,186
25. Feb 20 Buy Robert Disbrow Individual 24. Feb 20 24. Feb 20 2,500 €0.08 €200
19. Feb 20 Buy Robert Disbrow Individual 18. Feb 20 18. Feb 20 8,500 €0.08 €681
18. Feb 20 Buy Robert Disbrow Individual 14. Feb 20 14. Feb 20 206,000 €0.08 €16,487
14. Feb 20 Buy Robert Disbrow Individual 13. Feb 20 13. Feb 20 421,113 €0.08 €33,656
05. Feb 20 Buy Robert Disbrow Individual 04. Feb 20 04. Feb 20 151,000 €0.08 €11,859
04. Feb 20 Buy Robert Disbrow Individual 03. Feb 20 03. Feb 20 250,809 €0.08 €20,497
31. Jan 20 Buy Robert Disbrow Individual 30. Jan 20 30. Jan 20 26,500 €0.08 €2,181
28. Jan 20 Buy Robert Disbrow Individual 27. Jan 20 27. Jan 20 74,000 €0.09 €6,622
27. Jan 20 Buy Robert Disbrow Individual 24. Jan 20 24. Jan 20 26,000 €0.09 €2,331
23. Jan 20 Buy Robert Disbrow Individual 22. Jan 20 22. Jan 20 75,000 €0.09 €6,963
30. Dec 19 Buy Robert Disbrow Individual 27. Dec 19 27. Dec 19 72,500 €0.11 €7,687
10. Dec 19 Buy Robert Disbrow Individual 06. Dec 19 06. Dec 19 35,000 €0.10 €3,463
27. Nov 19 Buy Terry McNeill Individual 27. Nov 19 27. Nov 19 36,000 €0.10 €3,574
04. Dec 19 Buy Robert Disbrow Individual 03. Dec 19 03. Dec 19 1,075,000 €0.09 €94,759
28. Nov 19 Buy George Fink Individual 25. Nov 19 25. Nov 19 75,000 €0.10 €7,421
20. Nov 19 Buy Ursen Developments Ltd. Company 20. Nov 19 20. Nov 19 35,250 €0.09 €3,260
14. Nov 19 Sell Robert Disbrow Individual 14. Nov 19 14. Nov 19 -25,000 €0.09 €-2,227
14. Nov 19 Buy Robert Disbrow Individual 13. Nov 19 13. Nov 19 105,000 €0.10 €10,087
31. Oct 19 Sell Robert Disbrow Individual 22. Oct 19 22. Oct 19 -5,000 €0.09 €-446
31. Oct 19 Buy Robert Disbrow Individual 08. Oct 19 22. Oct 19 103,000 €0.09 €9,022
30. Oct 19 Buy Robert Disbrow Individual 29. Oct 19 29. Oct 19 100,000 €0.09 €8,597
22. Oct 19 Buy Robert Disbrow Individual 21. Oct 19 21. Oct 19 24,500 €0.09 €2,182
11. Oct 19 Buy Robert Disbrow Individual 07. Oct 19 10. Oct 19 333,000 €0.09 €30,621
11. Oct 19 Buy William Rice Individual 11. Oct 19 11. Oct 19 40,000 €0.10 €3,847
09. Oct 19 Buy Robert Disbrow Individual 08. Oct 19 08. Oct 19 22,000 €0.09 €1,960
07. Oct 19 Buy Robert Disbrow Individual 04. Oct 19 04. Oct 19 72,904 €0.10 €6,978
04. Oct 19 Buy Robert Disbrow Individual 03. Oct 19 03. Oct 19 45,000 €0.09 €3,998
01. Oct 19 Buy Robert Disbrow Individual 30. Sep 19 30. Sep 19 610,000 €0.10 €59,288
24. Sep 19 Buy Robert Disbrow Individual 23. Sep 19 23. Sep 19 100,000 €0.10 €9,593
17. Sep 19 Sell Robert Disbrow Individual 16. Sep 19 16. Sep 19 -110,000 €0.09 €-9,985
09. Sep 19 Buy Robert Disbrow Individual 06. Sep 19 06. Sep 19 100,000 €0.08 €8,247
04. Sep 19 Buy Robert Disbrow Individual 21. May 19 21. May 19 50,000 €0.14 €7,008
28. Aug 19 Buy Robert Disbrow Individual 27. Aug 19 28. Aug 19 63,000 €0.07 €4,279
26. Aug 19 Buy Robert Disbrow Individual 23. Aug 19 23. Aug 19 25,500 €0.07 €1,721
21. Aug 19 Buy Robert Disbrow Individual 20. Aug 19 20. Aug 19 956,000 €0.07 €64,694
19. Aug 19 Buy Robert Disbrow Individual 16. Aug 19 16. Aug 19 50,000 €0.07 €3,390
16. Aug 19 Buy Robert Disbrow Individual 15. Aug 19 15. Aug 19 226,500 €0.07 €16,838
14. Aug 19 Buy Robert Disbrow Individual 13. Aug 19 13. Aug 19 123,500 €0.07 €9,170
14. Aug 19 Buy Terry McNeill Individual 14. Aug 19 14. Aug 19 26,000 €0.08 €2,015
13. Aug 19 Buy Robert Disbrow Individual 12. Aug 19 12. Aug 19 300,000 €0.08 €24,220
13. Aug 19 Buy Philip Hodge Individual 13. Aug 19 13. Aug 19 5,000 €0.08 €405
12. Aug 19 Buy Robert Disbrow Individual 09. Aug 19 09. Aug 19 50,000 €0.08 €4,043
09. Aug 19 Buy Robert Disbrow Individual 08. Aug 19 08. Aug 19 50,000 €0.08 €4,205
08. Aug 19 Buy Robert Disbrow Individual 07. Aug 19 07. Aug 19 100,000 €0.08 €8,022
07. Aug 19 Buy Robert Disbrow Individual 01. Aug 19 02. Aug 19 25,000 €0.08 €2,120
31. Jul 19 Buy Robert Disbrow Individual 30. Jul 19 31. Jul 19 362,000 €0.09 €33,358
29. Jul 19 Buy Robert Disbrow Individual 25. Jul 19 26. Jul 19 100,000 €0.10 €10,244
25. Jul 19 Buy Robert Disbrow Individual 24. Jul 19 24. Jul 19 100,000 €0.11 €10,932
24. Jul 19 Buy Robert Disbrow Individual 23. Jul 19 23. Jul 19 100,000 €0.11 €11,254
10. Jul 19 Sell Robert Disbrow Individual 10. Jul 19 10. Jul 19 -27,100 €0.12 €-3,292
08. Jul 19 Sell William Rice Individual 03. Jul 19 03. Jul 19 -35,000 €0.12 €-4,036
08. Jul 19 Buy William Rice Individual 03. Jul 19 05. Jul 19 70,000 €0.12 €8,584
03. Jul 19 Sell Robert Disbrow Individual 03. Jul 19 03. Jul 19 -10,000 €0.12 €-1,153
28. Jun 19 Buy Robert Disbrow Individual 28. Jun 19 28. Jun 19 200,000 €0.11 €21,499
27. Jun 19 Buy Robert Disbrow Individual 26. Jun 19 26. Jun 19 250,000 €0.11 €26,780
24. Jun 19 Sell Robert Disbrow Individual 21. Jun 19 21. Jun 19 -7,300 €0.12 €-854
18. Jun 19 Buy Robert Disbrow Individual 17. Jun 19 17. Jun 19 100,000 €0.12 €11,622
13. Jun 19 Buy Robert Disbrow Individual 10. Jun 19 10. Jun 19 663,800 €0.12 €79,630
11. Jun 19 Sell Robert Disbrow Individual 11. Jun 19 11. Jun 19 -15,000 €0.12 €-1,796
10. Jun 19 Buy Robert Disbrow Individual 07. Jun 19 07. Jun 19 10,000 €0.12 €1,228
05. Jun 19 Buy Robert Disbrow Individual 04. Jun 19 04. Jun 19 56,000 €0.12 €6,888
05. Jun 19 Buy George Fink Individual 31. May 19 31. May 19 2,173,913 €0.15 €331,857
04. Jun 19 Buy Robert Disbrow Individual 03. Jun 19 03. Jun 19 174,000 €0.13 €21,773
03. Jun 19 Buy Robert Disbrow Individual 31. May 19 31. May 19 326,087 €0.15 €49,779
23. May 19 Buy Robert Disbrow Individual 22. May 19 22. May 19 150,000 €0.13 €18,693
22. May 19 Buy Robert Disbrow Individual 21. May 19 21. May 19 330,400 €0.14 €44,981
17. May 19 Buy Robert Disbrow Individual 16. May 19 16. May 19 71,000 €0.14 €10,075
15. May 19 Buy Robert Disbrow Individual 14. May 19 15. May 19 131,000 €0.15 €18,543
03. May 19 Buy Robert Disbrow Individual 02. May 19 03. May 19 14,500 €0.15 €2,217
02. May 19 Sell Robert Disbrow Individual 01. May 19 01. May 19 -5,000 €0.15 €-763
29. Apr 19 Buy Robert Disbrow Individual 26. Apr 19 26. Apr 19 1,000 €0.15 €153
17. Apr 19 Buy Robert Disbrow Individual 16. Apr 19 16. Apr 19 17,000 €0.16 €2,706
16. Apr 19 Buy Robert Disbrow Individual 15. Apr 19 15. Apr 19 67,500 €0.16 €10,540
11. Apr 19 Buy Robert Disbrow Individual 11. Apr 19 11. Apr 19 2,500 €0.16 €398
09. Apr 19 Buy Robert Disbrow Individual 09. Apr 19 09. Apr 19 26,000 €0.16 €4,148
X
Management checks
We assess Pine Cliff Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pine Cliff Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IPC News

Simply Wall St News

IPC Company Info

Description

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas, crude oil, and natural gas liquids in the Western Canadian Sedimentary Basin. The company primarily holds interests in natural gas assets in the Southern and Edson areas; and oil and natural gas assets in the Viking Kinsella and Ghost Pine area of Central Alberta. It also holds interests in natural gas liquids assets in the Sundance, Carstairs, Garrington, and Harmattan areas of Alberta; and natural gas assets in the Cadillac area of Southern Saskatchewan. As of December 31, 2019, its proved reserves were 46,142.2 thousand barrels of oil equivalent (MBOE) and proved plus probable reserves were 57,761.2 MBOE. The company also explores for gold, nickel, and copper deposits, as well as platinum group elements in Utah, Ontario, the Northwest Territories, and Nunavut. Pine Cliff Energy Ltd. was incorporated in 2004 and is headquartered in Calgary, Canada.

Details
Name: Pine Cliff Energy Ltd.
IPC
Exchange: DB
Founded: 2004
CA$23,682,628
327,784,193
Website: http://www.pinecliffenergy.com
Address: Pine Cliff Energy Ltd.
1015-4th Street SW,
Suite 850,
Calgary,
Alberta, T2R 1J4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PNE Common Shares The Toronto Stock Exchange CA CAD 11. Apr 2005
OTCPK PIFY.F Common Shares Pink Sheets LLC US USD 11. Apr 2005
DB IPC Common Shares Deutsche Boerse AG DE EUR 11. Apr 2005
Number of employees
Current staff
Staff numbers
86
Pine Cliff Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 22:21
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/11
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.