RE:RE:Insiders Granted a bunch of rights to sharesI think PIPE has immense potential to create value for shareholders but too many factors are outside of management control:commodity prices, outages with midstream partners, anti oil.pipeline sentiment in Can and US govts. Not to mention the ongoing pandemic's affect on investors minds in general. Then we could get submarined by a takeout at less than what we all hope to achieve.
No doubt we all agree PIPE is well managed and poised for greatness but it doesn't take much to knock PIPE off course. I trust that PIPE are doing their utmost despite all the factors outside of their control.
So safe, no, potentiall lottery level outcome if PIPE is allowed to hit it's true value, yes.
Safer for me is, utilities, banks, insurance companies i.e boring picks that pay dividends.
Some might like bonds and GICs but that may be too safe, for now, and likely a risk for losing on recovery growth. However, when inflation really starts to kick in....
I like PIPE, long time shareholder and holding for the foreseeable future.
montrus wrote: Skip, you don't view PIPE as a "safe investment"? So what truly is "safe"? True, we have been hammered relentlessly for several years now, as has the industry, but I believe the next 6 - 24 months is what investors have been waiting for in discovering and reaping the rewards of the true value of this company. In my view, this is easily a $2.50+ company...and is STONG HOLD for me. JMO