Pine Cliff Energy Ltd. (TSE:PNE) has released an update.
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Pine Cliff Energy Ltd. reports a mixed year in its 2023 annual results with a decline in adjusted funds flow and net income compared to 2022, despite acquiring Certus Oil & Gas and slightly increasing production. The company declared dividends higher than the previous year and invested in expansion and capital expenditures, including drilling and facility optimizations. Looking ahead, Pine Cliff provides guidance for 2024 and has scheduled a webcast to discuss the annual outcomes.
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