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BKBEF - Pipestone Energy to cut its 2020 capital guidance by ~60% on commodity price weakness
Pipestone Energy
Amid declining crude oil pricing, Pipestone Energy (OTCPK:BKBEF) reduced its forecasted annual capital spending from $145M - $155M to $55M - $65M, with modest change in 2020 previous production guidance from 18,000 – 20,000 boe/d to 17,000 – 18,000 boe/d.
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