# Pine Cliff Energy (PIFYF.US)

Canonical: https://gigainvestors.com/s/PIFYF

Analysis as of: 2026-10-13T06:32:44.509Z. 

Listing currency: USD. Reporting currency: CAD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $0.38 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Thomas Graham Kahn](https://gigainvestors.com/KB): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 75% since May 2022

Story as of 2026-10-16T10:01:29.720Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in oil & gas e&p; annual sales are CAD 163.8 million.

- Source: https://cdn.prod.website-files.com/64dcf83dc7b2e3793ab75d23/69ab3405c4278d6685d2b39c_Q4%202025%20Annual%20Report%20final.pdf#reviewed-original-annual-table (filed 2026-10-13T06:32:44.509Z); FY2025: revenue 163806000; grossProfit -6796456; margin = grossProfit / revenue.

### Where the cash goes

Paid dividends in 4 of 4 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-13T06:32:44.509Z); FY2022: growth capex 0; upkeep 29014000; owner earnings 123999000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-13T06:32:44.509Z); FY2023: growth capex 0; upkeep 20932000; owner earnings 32117000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-13T06:32:44.509Z); FY2024: growth capex 0; upkeep 2529000; owner earnings 29694000. Growth capex / owner earnings = 0.

- Source: https://cdn.prod.website-files.com/64dcf83dc7b2e3793ab75d23/69ab3405c4278d6685d2b39c_Q4%202025%20Annual%20Report%20final.pdf (filed 2026-10-13T06:32:44.509Z); FY2025: growth capex 0; upkeep 15205597; owner earnings 24797777. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-13T06:32:44.509Z); Dividend observations: [[2022,23574000],[2023,46015000],[2024,25597000],[2025,9400332]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 3.7% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-05); PIFYF.US SharesStats.PercentInsiders = 3.749 percentage points; cache date 2026-10-05.

### What the price says

The price is 1.2 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-13T06:32:44.509Z); Closing price 0.38 USD; reporting-to-trading FX 0.7047; FY2025 annual sales per share 0.45681728814410133; price multiple 1.1804206376535489. FY2025 cash earnings/share 0.0691553010337971. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $0.77 per share

- 2016-11: $0.79 per share

- 2016-12: $0.81 per share

- 2017-01: $0.76 per share

- 2017-02: $0.56 per share

- 2017-03: $0.60 per share

- 2017-04: $0.54 per share

- 2017-05: $0.57 per share

- 2017-06: $0.60 per share

- 2017-07: $0.57 per share

- 2017-08: $0.56 per share

- 2017-09: $0.51 per share

- 2017-10: $0.40 per share

- 2017-11: $0.44 per share

- 2017-12: $0.38 per share

- 2018-01: $0.28 per share

- 2018-02: $0.24 per share

- 2018-03: $0.23 per share

- 2018-04: $0.24 per share

- 2018-05: $0.25 per share

- 2018-06: $0.29 per share

- 2018-07: $0.32 per share

- 2018-08: $0.29 per share

- 2018-09: $0.23 per share

- 2018-10: $0.23 per share

- 2018-11: $0.24 per share

- 2018-12: $0.17 per share

- 2019-01: $0.21 per share

- 2019-02: $0.18 per share

- 2019-03: $0.19 per share

- 2019-04: $0.17 per share

- 2019-05: $0.14 per share

- 2019-06: $0.14 per share

- 2019-07: $0.11 per share

- 2019-08: $0.07 per share

- 2019-09: $0.11 per share

- 2019-10: $0.09 per share

- 2019-11: $0.10 per share

- 2019-12: $0.10 per share

- 2020-01: $0.09 per share

- 2020-02: $0.08 per share

- 2020-03: $0.06 per share

- 2020-04: $0.11 per share

- 2020-05: $0.11 per share

- 2020-06: $0.10 per share

- 2020-07: $0.10 per share

- 2020-08: $0.18 per share

- 2020-09: $0.15 per share

- 2020-10: $0.21 per share

- 2020-11: $0.21 per share

- 2020-12: $0.18 per share

- 2021-01: $0.20 per share

- 2021-02: $0.25 per share

- 2021-03: $0.22 per share

- 2021-04: $0.24 per share

- 2021-05: $0.27 per share

- 2021-06: $0.33 per share

- 2021-07: $0.32 per share

- 2021-08: $0.38 per share

- 2021-09: $0.56 per share

- 2021-10: $0.64 per share

- 2021-11: $0.53 per share

- 2021-12: $0.53 per share

- 2022-01: $0.56 per share

- 2022-02: $0.67 per share

- 2022-03: $0.92 per share

- 2022-04: $1.19 per share

- 2022-05: $1.52 per share

- 2022-06: $1.12 per share

- 2022-07: $1.42 per share

- 2022-08: $1.45 per share

- 2022-09: $1.26 per share

- 2022-10: $1.25 per share

- 2022-11: $1.24 per share

- 2022-12: $1.24 per share

- 2023-01: $0.99 per share

- 2023-02: $0.89 per share

- 2023-03: $0.96 per share

- 2023-04: $1.00 per share

- 2023-05: $0.98 per share

- 2023-06: $1.09 per share

- 2023-07: $1.18 per share

- 2023-08: $1.07 per share

- 2023-09: $1.05 per share

- 2023-10: $1.10 per share

- 2023-11: $1.04 per share

- 2023-12: $1.03 per share

- 2024-01: $1.00 per share

- 2024-02: $0.84 per share

- 2024-03: $0.74 per share

- 2024-04: $0.72 per share

- 2024-05: $0.79 per share

- 2024-06: $0.74 per share

- 2024-07: $0.65 per share

- 2024-08: $0.71 per share

- 2024-09: $0.75 per share

- 2024-10: $0.62 per share

- 2024-11: $0.63 per share

- 2024-12: $0.64 per share

- 2025-01: $0.61 per share

- 2025-02: $0.56 per share

- 2025-03: $0.48 per share

- 2025-04: $0.39 per share

- 2025-05: $0.42 per share

- 2025-06: $0.47 per share

- 2025-07: $0.52 per share

- 2025-08: $0.43 per share

- 2025-09: $0.46 per share

- 2025-10: $0.54 per share

- 2025-11: $0.62 per share

- 2025-12: $0.59 per share

- 2026-01: $0.56 per share

- 2026-02: $0.53 per share

- 2026-03: $0.48 per share

- 2026-04: $0.48 per share

- 2026-05: $0.46 per share

- 2026-06: $0.41 per share

- 2026-07: $0.40 per share

- 2026-08: $0.40 per share

- 2026-09: $0.37 per share

- 2026-10: $0.39 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original annual-report filing](https://cdn.prod.website-files.com/64dcf83dc7b2e3793ab75d23/69ab3405c4278d6685d2b39c_Q4%202025%20Annual%20Report%20final.pdf); period 2025-12-31, filed see filing.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.