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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (78220)	5/20/2020 4:19:30 PM
From: Goose94	Read Replies (2) \| Respond to of 202684

Pipestone Energy (PIPE-V) top pick from Josef Schachter on BNN.ca Market Call Wed May 20th @ 1200ET Pipestone is an emerging liquids-rich Montney natural gas producer that has over 140 net sections of land in the heart of the condensate fairway. Production in Q1/20 ramped up to 14,066 boe/d (38 per cent liquids). They will see their next growth phase in Q4/20, when more volumes come on for the lucrative winter season. Funds flow last quarter was $11.8 million, up from a loss of $8.7 million in Q1/19. We’re forecasting this yea an annual cash flow of $40 million, or $0.25 per share. They have built-in growth in 2021 from two already completed six-well pads and more egress committed. Pipestone has a market cap over $100 million. Our one-year target is $1.50 per share. We have an SER Quality Score Rating of “B.” Buy on weakness.