Pipestone Energy Corp V.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 > Katusa sold at $1.08 ...

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Post by mesa1on Dec 22, 2019 10:31pm

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Post# 30482537

Katusa sold at $1.08 ...

Marin Katusa on Aug 22 recommended taking the tax loss on Pipestone at $1.08. He figured the larger caps are so cheap right now, that you don’t need to take any execution risk. Not to mention they all are paying juicy, sustainable yields above 8% (or higher in some cases such as 12-14% yield).

The best dividend payers and key refiners he was still "watching" late Sept were Philipps 66 (NYSE: PSX), Marathon Petroleum Corp. (NYSE: MPC), Valero Energy (NYSE:VLO) and HollyFrontier Corp. (NYSE: HFC)

I wonder how that worked out for him? ;-)

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