RE:RE:RE:RE:Pipestone Energy Corp. Reports Fourth Quarter and Full Year Indeed, they might be making a bit too much of their underpromise over deliver philosophy. Though give them credit, it hasn't been an impediment to performance. Even conservative analysis from RBC sees them hitting 40k by early 2023.
I am not expecting a big jump today as the good news is baked in to price in my opinion. An opinion that is worth $0.02 (if you toss in a couple of pennies to make up the difference).
Cheers everyone.
navajojoe wrote: Jary89 wrote:
Bummer. Dividend put off and production estimates for 2022 decreased.
Production was curtailed by shutdowns at the processing plants, and future maintenance shutdowns. That is nothing unusual, and certainly not anything to do with PIPE's performance.
Looks like we will still end the year very close to 40,000 boed, and grow again next year.
Note that they are using $80 WTI for cash flow forecasts. Considering the situation around the world, that looks conservative, and cash flow numbers could be considerably higher.