Pipestone Energy Corp T.PIPE

Primary Symbol: BKBEF

Energy Oil & Gas E&P

Pipestone Energy Corp. is a Canada-based oil and gas exploration and production company. The Company is focused on developing its condensate rich assets in the Pipestone area of Alberta. It is engaged in the exploration for, and development and production of, oil and natural gas liquids, including condensate, pentane, butane, propane and ethane (Liquids) and natural gas in Western Canada. It is the operator of a condensate-rich Montney asset in the Pipestone area near Grande Prairie. Its Pipestone Wembley Project is located just outside of Grande Prairie, Alberta and covers more than 90,000 net acres.

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Pipestone Energy Corp > Reply to EstvevanOutsider II & Mr. montrus

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Comment by EstevanOutsideron Nov 29, 2022 8:17pm

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Post# 35138344

RE:RE:RE:RE:RE:RE:Reply to EstvevanOutsider II & Mr. montrus

Rumor on Twitter was Spartan as the buyer. Jeremy Mcrea questioned "M&A anyone?" As subject of Tweet when he posted land summary sale.

navajojoe wrote:

navajojoe wrote:

montrus wrote: If there is a take out, my money is on Spartan Delta.....perfect fit, IMO.

Nuvista is just as likely, as they are the most probable buyers of those very expensive sections right where we initially started to drill. What I find interesting is, if you look at the presentations of PIPE and NVA, PIPE shows Nuvista owning a few sections around where those high-priced ones were bought, but Nuvista's presentation makes it look like they have no interest at all in the whole R7-T70 block. Could they be sandbagging?

But we are right on trend for Spartan as well, and have joint venture wells in the southeast.

Being a prime buyout candidate is not a bad position to be in.

P.S.
If Spartan bought those sections, they will be coming after us next.