RE:RE:RE:Nice share price action of lateDon2018 wrote: plantrader wrote: As long as we achieve the previous PPS highs, then I'll be happy. (eyeroll) What was that .70 or so, the equivalent of $7.00 now? I'm not sure what the market cap comparisons would be, though, due to change in the OS in relative terms. At the time I didn't realize how high GB had pumped the thing. Current prices even make the buyout price seem out of reach. Crazy. Sure didn't expect that.
Well, those old highs were based on a lot of lies from a pumping group that was operating here back then, and I think everyone knows the main culprit.
A lot has changed, and the old BBI shareholders got hit a bit on the buyout, even though we got access to Pipestone's premium land base.
If oil and gas prices can stay in this area, on average, over the next year and a half, while PIPE grows production toward their 33,000 boed target, I can see us trading back toward the $3 level. Not enough to make the warrants worth anything, but a HUGE gain for anyone buying today.
I get that you don't want to get too optimistic with all the negativity in the Can oil + gas sector, but if PIPE can hit 33,000boe/d while keeping our debt below $175mil why wouldn't we get the same valuation as Kelt($800mil) who produces the same amount and has $400mil in debt?