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.

OTCPK:BKBEF - Post by User

Pipestone Energy Corp > Natural gas

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Comment by Seppelton Jun 06, 2023 11:13pm

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Post# 35483664

RE:RE:RE:RE:RE:Natural gas

Oldnagger, The end of injection season storage in the past 5 years roughly varied between 3200 and 3800 bcf except for 2020 when it exceeded 3900. 2021 ended at 3600 and 2022 at 3500.

The 2023 began with an unusual injection of 11 bcf versus 5-years average triple digit draw of -170. The following two weeks saw double digit draws of about -80 versus triple digit draws close to -200. Very little improvement in the next months and at this pace the end of season may end up above 4000.

Definitely need help from the Mother Nature and better discipline from producers. Next 2-3 weeks will be above average injections according to market sources but there is still hope for better July-September.
Right or wrong but I've been slowly transitioning to oily stocks and may include this and other names.

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