RE:RE:Pipe share pricePIPE management had nothing to do with the price of AECO natural gas dropping 65% since June 2022. Hard to run a successful business when the main commodity you sell gets side swiped like that.
You're correct Uwebb, Pipe mgmt didn't have anything to do with NG pricing coming down to where it is now.....BUT Pipe mgmt were TOTALLY complicit & responsible for what happened with their stock because of their involvment with StrathCona's agenda and surpressing Pipestone's share price to facilitate the deal at the prices THEY AGREED to. To me, this was much more destructive that any effect that a fall in NG pricinf could have. As for the last statement, though true, try telling that to the s/h of Advantage, Crew & Nuvista are HEAVY gassers where their stock is at or near 52 week highs. Even the lowly, completely unhedged very indebted Birchcliff had a "bump up" and trading better than Pipestone...........So as you can see, it goes way beyond what you've stated.....
The winter of 2023 that never happened killed the price of natural gas.
Oh c'mon uwebb, you're starting to sound like the uninformed folks like NavaJoJoe-Joey-The Chronicles of Reddick with this 8S excuse of a WARM Winter is to blame for collapsing NG prices AND that being the main reason why Pipestone's stock is where it is. You should know better than this Uwebb.
But if you don't, let me enlighten you & eveyone else. First NG prices didn't tumble down from $10 to under $3 because of warm winter lol. They fell because one, energy prices went too high too quickly because of the Russia-Ukraine conflict. And secondly, when they retreated to more normal & sustainable levels, The US & EU Gov't & their associates embarked on a mission to reduce them a lot further to hurt Russia financially AND not to bankrupt EU. Especially working very hard to collapse NG to current levels as it's a crucial, primary input for the EU's survival.
Compare the graphs of the price of natural gas to the PIPE share price over the last few years. It is easy to see the strong correlation between the two.
That's really laughable Uwebb, straight from the TylerReddick handybook. Like Sleepy Senile Joe says......C'mon Man!! What about the rest of the sector? Jesus all might..... Almost every energy operator is at or near 52 week highs except for a very few exceptions. What about the OTHER heavy gassers, let alone the oily names, guys like Crew, Advantage, Nuvista & Peyto. For real comparisons, just look at Nuvista who production profile is similar to Pipestone. Where's the correlation there? It's not like Moses woke up one morning and said to himself you know what i think i'll add a new commandment, numbers 11, and it will state "Thou Pipestone shall be the only one that will not rise from the ashes if we have a warm winter or Ng prices are in the gutter" C'mon man......
GLTA