Pine Cliff Energy Ltd. (PIFYF) Q3 2024 Earnings Call Transcript

Pine Cliff Power Ltd. (OTCQX:PIFYF) Q3 2024 Earnings Convention Name November 14, 2024 11:00 AM ET

Firm Contributors

Philip Hodge – President and CEO
Terry McNeill – Chief Working Officer
Kristopher Zack – Chief Monetary Officer

Operator

Good afternoon and thanks for becoming a member of the Pine Cliff third quarter webcast. With us in the present day within the room is Phil Hodge, President and CEO; Terry McNeill, Chief Working Officer; Kris Zack, Chief Monetary Officer; and Austin Nieuwdorp, Vice President, Finance.

I will flip the decision over to Phil for some opening feedback. Please register your questions on the webcast and we’ll get via all of the questions and supply some further element.

Philip Hodge

Thanks, Chris. Thanks, all people, for becoming a member of us this morning.

As common, we cannot simply learn the press launch. We’ll assume all people’s learn the press launch and simply type of — what we would love to do is give a little bit little bit of coloration and reply any questions you have — that anyone could have. Q3 was — once we checked out 2024 coming into it, Q2 and Q3 had been the 2 quarters that we had been most involved with. Now we have obtained to come back off two comparatively heat winters. Storage was very excessive coming into this summer time. We knew that there was going to be no main pure gasoline demand items falling into place fairly but. We all know that is coming and that is going to be primarily within the type of LNG but in addition in among the different initiatives which are launching in Western Canada which are going to make use of pure gasoline. So we type of had a little bit of a plateau from an incremental demand. And due to the nice and cozy winters, we storage — we knew that it was going to be a summer time the place producers would, not less than within the U.S., reacted fairly properly, as in the event that they lowered manufacturing. So it went from 105 Bcf a day to beneath 100 Bcf.