Suffering because of weak gas prices. Doesn't have the advantage of marketing power of the bigger names to get egress out of Canada. Doesn't offer the yield or balance sheet protection that he prefers. He goes for a yield around 6-7%, which also gives durability to the yield. Yield is 4.7%.
Good company to invest in, but better names out there.
Has sold shares in company.
Recent attempt to sell company didn't have success.
Lots of gas in production (bearish on gas prices).
Pipestone Energy Corp. is a Canadian stock, trading under the symbol PIPE-T on the Toronto Stock Exchange (PIPE-CT). It is usually referred to as TSX:PIPE or PIPE-T
In the last year, 4 stock analysts published opinions about PIPE-T. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Pipestone Energy Corp..
Pipestone Energy Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Pipestone Energy Corp..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Pipestone Energy Corp. In the last year. It is a trending stock that is worth watching.
On 2023-09-22, Pipestone Energy Corp. (PIPE-T) stock closed at a price of $2.48.
Motley name, he wouldn't own. Tightly held by private equity. Disappointing wells. Cheap valuation. Only hope for stock to go up is for company to be bought. He can buy something with better quality, longer inventory, but equal valuation.