Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Pipestone Energy Corp. (T:PIPE)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 3700 888 3rd Street SW
Tel: N/A
IR: See website
Key People
Gordon Ritchie
Chairman of the Board
Paul Wanklyn
President, Chief Executive Officer, Director
Craig F. Nieboer
Chief Financial Officer
Dustin Lee Hoffman
Chief Operating Officer
Darcy Erickson
Vice President - Operations & Production
Business Overview
Pipestone Energy Corp. is a Canada-based oil and gas exploration and production company. The Company is focused on developing its pure-play condensate-rich Montney asset in the Pipestone area near Grande Prairie. In the greater Grande Prairie area, the Company holds over 95,000 acres of Montney lands.
Financial Overview
For the three months ended 31 March 2021, PipestoneEnergy Corp revenues decreased 20% to C$47.1M. Net losstotaled C$954K vs. income of C$15.5M. Revenues reflectFV/Uls Adjust on Derivatives for Hedgin decrease fromC$22.4M to -C$12.7M, Realized Gain/Loss onDerivative-Hedging decrease from C$6.2M to -C$8.4M. Netloss reflects Operating increase of 41% to C$20.7M(expense).
Employees: 28 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $576.70M as of Mar 31, 2021
Annual revenue (TTM): $129.32M as of Mar 31, 2021
EBITDA (TTM): $30.23M as of Mar 31, 2021
Net annual income (TTM): -$33.77M as of Mar 31, 2021
Free cash flow (TTM): -$93.19M as of Mar 31, 2021
Net Debt Last Fiscal Year: $223.75M as of Mar 31, 2021
Shares outstanding: 191,548,005 as of Jul 5, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization