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 Club
$299/ 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. (V: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 six months ended 30 June 2020, PipestoneEnergy Corp revenues increased from C$13.1M to C$76.5M. Netloss totaled C$3.9M vs. income of C$567K. Revenues reflectGas Liquids - Production - Total increase from 62K to 1.1Mbarrels, Oil Equivalent Production (Units/day) - increasefrom 1K to 15K barrels per day, Sales of liquids andnatural gas increase from C$5.9M to C$58.4M.
Employees: 21 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $321.77M as of Sep 30, 2020
Annual revenue (TTM): $130.31M as of Sep 30, 2020
EBITDA (TTM): $38.30M as of Sep 30, 2020
Net annual income (TTM): -$28.57M as of Sep 30, 2020
Free cash flow (TTM): -$35.01M as of Sep 30, 2020
Net Debt Last Fiscal Year: $171.74M as of Sep 30, 2020
Shares outstanding: 190,676,172 as of Nov 24, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization