Pipestone Energy Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Robert Morgan
- Full Time Employees
- 193
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 888 – 3rd Street SW Calgary AB Canada T2P 5C5
- IPO Date
- Jan 8, 2021
- Website
- pipestonecorp.com
- Similar Companies
- Business
- Pipestone Energy Corp. is an oil and gas exploration and production company focused on the development of its condensate-rich Montney asset in the Pipestone area near Grande Prairie, Alberta; it explores for, develops, and produces natural gas, natural gas liquids including condensate, pentane, butane, propane, and ethane; and all production from its Montney assets is certified under the Equitable Origin EO100 Standard for Responsible Energy Development. The company generates revenue primarily from the sale of these commodities in Western Canada, with substantially all activities concentrated in the Alberta Montney resource play; it targets long-term shareholder value through high-return development drilling and efficient operations. Founded through the 2019 amalgamation of Pipestone Oil Corp. and Blackbird Energy Inc., Pipestone Energy maintains its headquarters in Calgary, Alberta, and previously traded under the ticker PIPE on the Toronto Stock Exchange. In a major strategic shift, Pipestone Energy entered into an all-share acquisition agreement with Strathcona Resources Ltd. in July 2023, completed in October 2023, whereby Strathcona acquired all outstanding shares, integrating Pipestone's Montney assets into Strathcona's portfolio to create one of Canada's largest producers with approximately 185,000 boe/d across thermal oil, heavy oil, and Montney segments. This transaction, valued at around $8.7 billion, positioned Pipestone shareholders with continued exposure to the combined entity's growth potential, including up to 75% production expansion over eight years and low sustaining breakevens. Post-acquisition, Pipestone's operations support Strathcona's three core areas—Cold Lake Thermal, Lloydminster Heavy Oil, and Montney—with no reported subsequent divestitures, funding rounds, or major operational changes as of late 2025. The company's former website now redirects to Strathcona Resources, reflecting its integration as a key asset in the parent's diversified upstream portfolio [ from fetch].
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Open Letter from Tom Claugus, President of GMT Capital Corp. following closing of Pipestone Energy Corp. merger with Strathcona Resources Ltd.
Pipestone Energy's shareholders approve proposed sale to Strathcona
Open Letter from Tom Claugus, President of GMT Capital Corp., for why he Opposes Proposed Acquisition of Pipestone Energy Corp. (TSX: PIPE) by Strathcona Resources Ltd.
Pipestone Energy's stakeholder GMT Capital to vote against Strathcona all-stock deal
GMT Capital Corp. Opposes Proposed Acquisition of Pipestone Energy Corp. by Strathcona Resources Ltd.
Pipestone Energy Corp. and Strathcona Resources Ltd. Announce Receipt of Interim Order and Filing of Management Information Circular Related to Proposed Arrangement With Strathcona Resources Ltd.
I Am Opposed To The Proposed Take-Under Of Pipestone By Strathcona
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Strathcona Resources Acquiring Pipestone Energy, Creating A Possible Top-5 Canadian Oil Producer
Pipestone Energy Corp. Enters into Agreement to be Acquired by Strathcona Resources Ltd. in an All-Share Transaction, Creating a New Public Canadian Oil & Gas Champion
Canada's Strathcona to buy Pipestone Energy
Pipestone Energy Corp. Enters into Agreement to be Acquired by Strathcona Resources Ltd. in an All-Share Transaction, Creating a New Public Canadian Oil & Gas Champion
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