RE:RE:With a new 52 week high will PIPE issue new guidance?navajojoe wrote:
With all of the excess free cash flow, I think you may be right that they can stick to the debt-payment schedule and accelerate production growth, capturing even more cash flow while oil/gas prices remain high.
I am pretty sure PIPE will hold back on talking about dividends until the debt is gone, although that could be a lot sooner than people expect.
There is no way I am selling any of my shares until we reach that 40,000 level and management lets us know what their plans are after that. PIPE could turn into a very long term investment.
I definitely am in the camp of wanting them to get the debt down to zero first. I am content to wait for them to return cash to shareholders until then. It's hard not be excited at the potential that the company has. Even if oil and gas retreat a little bit on the price front next year, PIPE is looking pretty darn good.