Pine Cliff Energy (PNE) has notable insider buying

Pine Cliff Energy (T:PNE)

Philip Blake Hodge, CEO and Director, acquired 635,038 Common Shares on a direct ownership basis at prices ranging from $0.145 and $0.330 through an exercise of options on June 1st, 2023. This represents a $168,393 investment into the company's shares and an account share holdings change of 6.6%.

Pine Cliff Energy Ltd. is a Canada-based natural gas and crude oil company. The Company is engaged in the acquisition, exploration, development and production of natural gas and oil in the Western Canadian Sedimentary Basin. The Company's operating areas include Central Assets, Edson Assets, and Southern Assets. Central Assets include Ghost Pine and Viking/Camrose. Edson Assets include Mcleod River, and Pine Creek, Carrot Creek in the Western Canadian Sedimentary Basin. Southern Assets includes Monogram unit, Many Islands / Hatton properties, Pendor, Black Butte and Eagle Butte areas. It operates and sells the majority of its natural gas to the common Alberta natural gas price hub, AECO. The Company sells to four other gas markets, such as Aden, TEP, DAWN, and Empress.