Friday, May 30, 2025

Latest

Pipestone Energy Announces Share Buyback Program

Pipestone Energy (TSX: PIPE) evidently feels it is rather undervalued. The oil and gas firm this morning announced the launch of its first ever stock buyback program, with the firm looking to repurchase up to 5% of its common shares outstanding.

Under the normal course issuer bid, Pipestone is eligible to repurchase up to 9.6 million shares of its equity. The program is set to begin November 25, and expire on November 24, 2022. The firm currently has 191.97 million common shares outstanding.

Pipestone is permitted to repurchase up to 55,099 common shares per day, with shares to be cancelled upon repurchase. The program is set to be funded via its free cash flow allocation strategy.

Pipestone Energy last traded at $3.50 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Alberta Wildfires Take Over 145,000 boe/d Of Production Offline

Gas production in Alberta has taken a major hit in recent days following ongoing wildfires...

Monday, May 8, 2023, 09:02:03 AM

Pipestone Energy Faces Resistance From Shareholders In Strathcona Resources Acquisition Deal

GMT Capital, the second-largest shareholder of Pipestone Energy Corp (TSX: PIPE), has already announced its...

Thursday, September 21, 2023, 11:20:52 AM

Oil & Gas Production In Western Alberta Largely Resumes After Wildfires

Energy firms in Alberta appear to be bringing production back online following wildfires in two...

Monday, May 29, 2023, 08:52:33 AM