Pine Cliff Energy (PNE) said Q2 cash flow improved on stronger natural gas and oil prices, allowing it to raise capital spending and approve an additional Glauconite well for drilling this fall. The update is constructive but specific mainly to near-term operating/capex plans rather than broader market drivers.
Pine Cliff Energy (PNE) said Q2 cash flow improved on stronger natural gas and oil prices, allowing it to raise capital spending and approve an additional Glauconite well for drilling this fall. The update is constructive but specific mainly to near-term operating/capex plans rather than broader market drivers.
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