We are human and can make mistakes, First-rate management team and good assets. This capital budget will allow Chinook to drill, complete and tie-in six (4.5 net) wells prior to December 31, 2017 in addition to the three (2.6 net) wells currently being completed and tied-in. More recently did a number of acquisitions and took on more debt and this has hurt them in the marketplace. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Even if they don't, this company should do well. People thought their debt level was unmanageable. Merger with SVI came out of this. Can sleep up to 4, lots of storage, closet (with stackable shelves), wood grain cabinets, marine style bath, privacy curtains, blinds, 6 cu. Has been a little bit disappointing in terms of gas prices. A great story that the market doesn't appreciate yet. Stock analysis for Chinook Energy Inc (CKE) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Won't wait for the conversion but will sell his holdings into the market in the next few days. Gassy. In the last year, there was no coverage of Chinook Energy Inc Doesn't have as much issue on their debt as everybody thinks. It is a nice place to park money in this down turn. Announces … They are more of a gas play. Chinook Energy Announces Non-Core Asset Disposition and 2017 Capital Program and Guidance, Working capital surplus as at December 31, 2017. Well run, good set of properties. Give it some time and see how they do. Stockhouse.com is owned by Stockhouse Publishing Ltd. © 2019 Stockhouse Publishing Ltd. All rights reserved. Liked their Montney holdings. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "may", "will", "project", "could", "plan", "intend", "should", "believe", "outlook", "potential", "target" and similar words suggesting future events or future performance. Excellent positions in the Montney but is getting squeezed on the capital side. Numbers on this one are just average and he can't get excited with it. It is repositioning itself in Canada and there are some good assets in Canada. promotes any investment strategies. The Meeting is expected to be held in late-April 2020 with closing of the Transaction anticipated to occur thereafter in April 2020 upon satisfaction of all conditions precedent thereto. He is hoping for a takeover. Can't see who would want all of the company's assets. (A Top Pick April 24/08 Down 82.7%.) Disposition of Non-Core Knopcik/Pipestone Assets . Could be a pullback in energy, which would make a good buying opportunity. New management team really started to grow production substantially in the last year and did an excellent job. Should run into support at around $5.50. Wouldn't take a lot to see this name gets going. Have done very well. The management team has done it before. Hold if you are a long-suffering holder of it. Won't wait for the conversion but will sell his holdings into the market in the next few days. Stock has not moved since the announcement. Horizons ahead are not clear. This is a “park it and forget it” stock. Cookies are used to offer you a better browsing experience and to analyze our traffic. Over a 2 - 3 year time horizon it will do quite well. Good management team. More gas oriented. You can own, but be patient. Please go to the link in the email message to retrieve your password. A boe conversion ratio of 6 mcf:1 bbl (barrel) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Tunisia has always been a sore spot from the geopolitical risk standpoint. Natural gas producer in Western Canada. There are a lot of better places to safely sit. to the stock experts' signals. The Transaction is subject to various closing conditions, including receipt of Court approval and Chinook shareholder approval. The non-completion fee is payable in the event that the Transaction is not completed or is terminated by Chinook in certain circumstances, including if Chinook enters into an agreement with respect to a superior proposal or if the Chinook Board withdraws or modifies its recommendation with respect to the Transaction. About 65% natural gas so a good way to play in the gas sector. Have done a disposition to help pay down the debt, which is very high at about 3X debt to cash flow. She is not buying it today, but the future looks good. Market is discounting any gas-weighted producer because of concerns that gas may trend sideways or lower. Good management. Quite significant production. It just broke through the 50 day a few days ago, and there has been significant underperformance against the market over the past month. They have some nice wells and some good land. Good management team. When the market comes back, it will be the seniors that will respond first. Had a big jump, so you need to pick your points to get in. Good management. The proposed transaction (the "Transaction") is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta). Announces Approval of All Resolutions at 2019 Annual and Special Meeting GlobeNewswire 464d Chinook Energy Inc. Producing about 2600 barrels equivalent a day. We will not release or resell your information to third parties without your permission. Have some great volume growth ahead of them. The Transaction offers a liquidity event and cash consideration to all shareholders. One of his favourite junior gas names. In the interest of providing Chinook's shareholders and readers with information regarding Chinook certain statements contained in this news release constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation. Shale plays are having enormous success, particularly in the US. A lot of the high profile intermediates have gone up a great deal. You can make a good return by sticking to clean balance sheets. published on Stockchase. Get to Know the Eric Sprott-Funded Silver & Gold Exploration Co. ImagineAR Taps First Tube Media Founder to Help Launch AR Live Music Streaming, Naturally Splendid Secures Distributor in Western Canada, Q3 Report: Donlin Gold Strikes High Grade Intercepts, Organigram going all in on synthetic cannabinoid investment, Major Milestone: Labrador Gold Begins Drilling at Kingsway, Peak Positioning Scores Major Bid to Power Chinese Financial Centre, Grenke, Delivery Hero, Desert Gold: Momentum shares on hold, The StockTalk Cannabis Report: Oct. 23, 2020, Harvest Health & Recreation bumps bought deal offering to US$40M. Chinook Energy Inc. is a Calgary-based upstream oil and gas company with exploration and production operations focused in Western Canada. This capital budget will also fund the expansion of Chinook’s 25 mmcf/d compressor station at Birley/Umbach to 50 mmcf/d. 2005 Chinook Eagle 2100LT. Great reputation in the oil patch. He is hoping someone will buy the assets or the company. The FOFI has been prepared by management to provide an outlook of Chinook’s activities and results and may not be appropriate for other purposes. They have cut back and preserved capital. The disposition has no impact on Chinook’s funds flow or reserves and is consistent with its strategy of rationalizing its non-core assets to further focus on its Montney liquids-rich natural gas positions at Birley/Umbach, British Columbia where it is in the process of completing and tying-in three (2.6 net) wells.

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