Gary Drummond - Pine Cliff Independent Director

PIFYF Stock  USD 0.72  0.01  1.41%   

Director

Mr. Gary J. Drummond, QC, is Independent Director of Pine Cliff Energy Ltd since 2004.
Tenure 20 years
Phone403 269 2289
Webhttps://www.pinecliffenergy.com
Drummond is a Lawyer, businessman; Director and member of the audit committee of several public corporations, including Bonterra. He has 35 years of experience directly related to all aspects of reading and understanding financial statements and matters. He was Former Chairman of Universal Energy Group.; Former President and Chief Executive Officer of Direct Energy Marketing Limited . He holds BA and Law Degree.

Pine Cliff Management Efficiency

The company has return on total asset (ROA) of 0.1939 % which means that it generated a profit of $0.1939 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.395 %, meaning that it generated $0.395 on every $100 dollars invested by stockholders. Pine Cliff's management efficiency ratios could be used to measure how well Pine Cliff manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 41.9 M in total debt with debt to equity ratio (D/E) of 0.03, which may suggest the company is not taking enough advantage from borrowing. Pine Cliff Energy has a current ratio of 1.41, which is within standard range for the sector. Debt can assist Pine Cliff until it has trouble settling it off, either with new capital or with free cash flow. So, Pine Cliff's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Pine Cliff Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pine to invest in growth at high rates of return. When we think about Pine Cliff's use of debt, we should always consider it together with cash and equity.

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Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and oil in the Western Canadian Sedimentary Basin. The company was incorporated in 2004 and is headquartered in Calgary, Canada. Pine Cliff operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 78 people. Pine Cliff Energy [PIFYF] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Pine Cliff Energy Leadership Team

Elected by the shareholders, the Pine Cliff's board of directors comprises two types of representatives: Pine Cliff inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pine. The board's role is to monitor Pine Cliff's management team and ensure that shareholders' interests are well served. Pine Cliff's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pine Cliff's outside directors are responsible for providing unbiased perspectives on the board's policies.
Cheryne Lowe, Interim CFO
Philip Hodge, CEO and President and Director
Randy Jarock, Director
Carl Jonsson, Independent Director
George Fink, Executive Chairman of the Board
Terry McNeill, COO
Alan MacDonald, Interim CFO
Terry PEng, Chief Officer
Gary Drummond, Independent Director

Pine Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Pine Cliff a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Please note, there is a significant difference between Pine Cliff's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pine Cliff is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pine Cliff's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.