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home / news releases / DALXF - Pipestone Energy: Don't Extrapolate The Weak First Quarter

DALXF - Pipestone Energy: Don't Extrapolate The Weak First Quarter

Return Energy
  • Pipestone Energy is an up-and-coming producer of natural gas and NGL in Canada.
  • The Q1 result was disappointing due to one of the main gas processing plants being offline.
  • The exit rate in 2024 will be almost double the Q1 production rate. This growth will be self-funded.
  • I expect the company to show a net cash position by the summer of 2023 despite the investments in production growth.

For further details see:

Pipestone Energy: Don't Extrapolate The Weak First Quarter
Stock Information
Company Name: Return Energy
Stock Symbol: DALXF
Market: OTC
Website: spartandeltacorp.com
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