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 > Q2 report krap

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Post by tylerreddickon Aug 09, 2023 8:22am

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Post# 35579059

Q2 report krap

They actually added even more debt in Q2, typically a quiet time for capex when companies pay down their borrowing? Their "guidance" was to be debt-free by now, instead are $172 million in the red.

The 14-14 well was ok, but nothing to write home about.

They refuse to say anything about the 11-09 wells which are hugely important to shareholders. Now we won't know how good/bad they are until after the company is gone?

What they did do is spend a lot of money for Strathcona, instead of working for their shareholders.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle