Pipestone Energy's no. 2 shareholder to vote against Strathcona takeover deal

seekingalpha2023-09-16

Pipestone Energy (OTCPK:BKBEF) shareholder GMT Capital said Friday it plans to vote against the proposed takeover deal by Strathcona Resources as it undervalues the company. Strathcona said last month...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2367642867?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/157193669/image_157193669.jpg","is_english":true,"pubTime":"2023-09-16 03:23","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2367642867","market":"us","top_or_hot":-1,"title":"Pipestone Energy's no. 2 shareholder to vote against Strathcona takeover deal","media":"seekingalpha","content":"<div>\n<p>Pipestone Energy (OTCPK:BKBEF) shareholder GMT Capital said Friday it plans to vote against the proposed takeover deal by Strathcona Resources as it undervalues the company. Strathcona said last month...</p>\n\n<a href=\"https://seekingalpha.com/news/4012415-pipestone-energys-no-2-shareholder-to-vote-against-strathcona-takeover-deal\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pipestone Energy's no. 2 shareholder to vote against Strathcona takeover deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPipestone Energy's no. 2 shareholder to vote against Strathcona takeover deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-16 03:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4012415-pipestone-energys-no-2-shareholder-to-vote-against-strathcona-takeover-deal><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pipestone Energy (OTCPK:BKBEF) shareholder GMT Capital said Friday it plans to vote against the proposed takeover deal by Strathcona Resources as it undervalues the company. Strathcona said last month...</p>\n\n<a href=\"https://seekingalpha.com/news/4012415-pipestone-energys-no-2-shareholder-to-vote-against-strathcona-takeover-deal\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BKBEF","symbol_name":"Pipestone Energy Corp.","start_time":0,"source_url":"https://seekingalpha.com/news/4012415-pipestone-energys-no-2-shareholder-to-vote-against-strathcona-takeover-deal","article_id":"2367642867","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/157193669/image_157193669.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2367642867","pubTimestamp":1694805806,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Pipestone Energy  shareholder GMT Capital said Friday it plans to vote against the proposed takeover deal by Strathcona Resources as it undervalues the company. Strathcona said last month it would go public by acquiring Pipestone  to create a combined business with a C$8.6B  market cap. GMT Capital, whose 13.47% stake makes it Pipestone's  second largest shareholder, said the buyout deal undervalues the company's stock. The acquisition requires approval from two-thirds of Pipestone  shareholder votes cast at a meeting in September. If the deal closes successfully, Strathcona would become Canada's fifth largest oil producer, with current production of ~185K boe/day.  More on Pipestone Energy  Historical earnings data for Pipestone Energy Dividend scorecard for Pipestone Energy Financial information for Pipestone Energy I Am Opposed To The Proposed Take-Under Of Pipestone By Strathcona Strathcona Resources Acquiring Pipestone Energy, Creating A Possible Top-5 Canadian Oil Producer","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BKBEF":"Pipestone Energy Corp.","BK4213":"石油与天然气的勘探与生产"},"translate_title":"派普斯通能源公司没有。2股东投票反对Strathcona收购交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BKBEF":1},"content_text":"Pipestone Energy (OTCPK:BKBEF) shareholder GMT Capital said Friday it plans to vote against the proposed takeover deal by Strathcona Resources as it undervalues the company. Strathcona said last month it would go public by acquiring Pipestone (OTCPK:BKBEF) to create a combined business with a C$8.6B (US$6.36B) market cap. GMT Capital, whose 13.47% stake makes it Pipestone's (OTCPK:BKBEF) second largest shareholder, said the buyout deal undervalues the company's stock. The acquisition requires approval from two-thirds of Pipestone (OTCPK:BKBEF) shareholder votes cast at a meeting in September. If the deal closes successfully, Strathcona would become Canada's fifth largest oil producer, with current production of ~185K boe/day.  More on Pipestone Energy  Historical earnings data for Pipestone Energy Dividend scorecard for Pipestone Energy Financial information for Pipestone Energy I Am Opposed To The Proposed Take-Under Of Pipestone By Strathcona Strathcona Resources Acquiring Pipestone Energy, Creating A Possible Top-5 Canadian Oil Producer","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2367642867"}