Private Eye
Off-market insider selling at Pipestone Energy (T:PIPE)
Updated Tuesday Feb 08, 2022 03:41 AM EDT
Riverstone V REL CNOR LP, a 10% Holder, disposed of 11,719,357 Common Shares on a direct ownership basis at a price of $4.550 through a private transaction on February 4th, 2022. This represents a $53,323,074 divestment of the company's shares and an account share holdings change of -24.9%.
Pipestone Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.
Pipestone Energy Corp. is a Canada-based oil and gas exploration and production company. The Company is engaged in the exploration and development and production of oil and natural gas liquids, including condensate, butane and propane, collectively referenced as liquids as well as natural gas in Western Canada. The Company is focused on developing its liquids-rich assets in the Pipestone area of the Alberta, Montney trend. Its Pipestone Wembley Project is located outside of Grande Prairie, Alberta and covers approximately 90,000 net acres.
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