RE:RE:RE:RE:boereport M&A database w/ metrics A diamond comment in a sea of a bagholder confirmation circus.
Pipestone is D Grade. The worst acreage in the Montney and heading for Bellatrix 2.0 looks like they will be taken private, birdie style " cheap , cheap, cheap". Fleecing retail who all bought into the M&A takeout HEAD FAKE. NOOBS got caught offside as the BLEW out shareholders adding another 93,941,655 SHARES WHILE BUYING BACK SHARES AT $5+.
Meanwhile RIVERSTONE tried to get out of this junker, selling shares last year while blowing out retail diluting via the converted.
Here is the proof:
https://privatecapitaljournal.com/riverstone-v-reduces-pipestone-energy-stake-with-53-3m-share-sell/
Praying for a buyout of this PIPESTONE junkyard as this sector dogahaulic circles the drain or shall i say flushes down the pipe!
So much capital required to delineate their downgraded asset and they don't even have it. Condensate is $5 discounted to WTI PIPESTONE is a high cost gasser hemmed in with no outcome save for the final hooorah of more negative antics until private co.
Take over nah! Take under more like for this TOILET PIPE.
Cheap Cheap!!!!!!!!!!!!!
This is my opinion only.
~TGC.