2023-05-10 09:25:03 ET
Pipestone Energy ( OTCPK:BKBEF ) said Wednesday that President and CEO Paul Wanklyn will take a leave of absence for health reasons and has appointed COO Dustin Hoffman as interim President and CEO, effective immediately.
Pipestone ( OTCPK:BKBEF ) also reported Q1 production averaged 35,162 boe/day, above the midpoint of the company's full-year guidance of 34K-36K boe/day and the fourth consecutive quarter of record average production.
Finally, the company said its production curtailed by wildfires in the Grande Prairie region was reduced to ~5K boe/day from the previously reported 20K boe/day .
Pipestone Energy ( OTCPK:BKBEF ) offers "strong cash flow projections even at C$3 natural gas," The Investment Doctor writes in an analysis published on Seeking Alpha .
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Pipestone Energy CEO Wanklyn takes medical leave