Pine Cliff Energy (TSE:PNE) has released an update.
Pine Cliff Energy Ltd. reported a higher production output but lower adjusted funds flow and dividends for Q2 2024 compared to the same period in 2023, alongside a net loss for the quarter and half-year periods. The company also adjusted its 2024 production guidance downwards due to maintenance outages and weak gas prices, while continuing its hedging strategy to protect cash flow.
For further insights into TSE:PNE stock, check out TipRanks’ Stock Analysis page.
