Pipestone Energy (PIPE) has notable insider buying

Pipestone Energy (:PIPE)

GMT Capital Corp, a Director, acquired 5,900 Common Shares on an indirect ownership basis for registered holder Bay II Resource Partners LP at a price of $1.000USD through the public market on February 7th, 2020. The insider also acquired 9,400 Common Shares on an indirect ownership basis for registered holder Bay Resource Partners LP at a price of $1.000USD through the public market on February 7th, 2020. The insider also acquired 9,100 Common Shares on an indirect ownership basis for registered holder Bay Resource Partners Offshore Master Fund LP at a price of $1.000USD through the public market on February 7th, 2020. The insider also acquired 176,400 Common Shares on an indirect ownership basis for registered holder GMT Exploration at a price of $1.000USD through the public market on February 7th, 2020. The insider also acquired 900 Common Shares on an indirect ownership basis for registered holder Thomas E Claugus at a price of $1.000USD through the public market on February 7th, 2020. This represents a $268,362 investment into the company's shares and an account share holdings change of 5.0%.

Pipestone Energy Corp is a Canada-based company engaged in Oil Exploration and Production business sector. The Company is focused on development of the condensate rich Pipestone area of Alberta. It is committed to building long-term value for its shareholders and it values the partnerships that it is developing within its operating community.