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Chinook Energy Inc. Common CNKEF

Energy Oil & Gas E&P


GREY:CNKEF - Post by User

Chinook Energy Inc. Common > The truth about CKE & Raymond James who touts indebted DEE
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Comment by Fastlane2on Apr 04, 2017 11:30am
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Post# 26073228

RE:The truth about CKE & Raymond James who touts indebted DEE

RE:The truth about CKE & Raymond James who touts indebted DEEHighly speculative company, remember part of your portfolio, CKE operating margin of yes -217% the concern here is that they will burn through their cash, who cares if they are debt free as the company will be going to the line of credit shortly, read the quarterly report - all of it. "Our 2016 operating costs per boe related to the properties that we currently still own (exclusive of our 2016 dispositions, including Craft, and our 2017 disposition at Gold Creek), decreased by about 35% to approximately $15.00/boe compared to our 2015 operating costs for these same properties of approximately $23.00/boe. " they will be using this soon. "During the fourth quarter, we negotiated an $8.0 million demand revolving credit facility with a Canadian chartered bank, which was signed during the first quarter of 2017. "
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