Pinecrest Energy (OTCPK:PNCGF) is a Canadian producer of oil and natural gas. The company actively engages in exploration and production in Canada's Alberta and Saskatchewan provinces, focusing on light oil and not Canadian heavy crude. This young company has delivered quite impressive growth recently and looks poised to continue growing itself going forward. The company has also enjoyed great success in exploration drilling, boasting a 100% success rate on 39 wells drilled during 2012. The company appears to offer an incredible opportunity for investors looking to profit off of an energy sector startup.
I will begin this analysis with a look at the company's most recent quarterly results. Here are the highlights from that report:
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