GREY:CNKEF - Post by User
Comment by
Miner1967on Jun 10, 2016 5:48am
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Post# 24953600
RE:RE:(NEW UPDATE) Peers & Chinook (CKE): Current EV versus NPV-10
RE:RE:(NEW UPDATE) Peers & Chinook (CKE): Current EV versus NPV-10 Agreed baranja. And on top of that, CKE has made a contract with Alliance pipeline since May 1st, and sends 1/3 of its natural gas volumes to Chicago through the Alliance Pipeline. In Chicago, CKE receives Henry Hub price of about US$2.60/mmbtu now or about C$3.40/mmbtu. Huge difference from Q1 realized prices when CKE didn't have this new contract with Alliance.
And additionally, oil and condensate prices have risen significantly from Q1.
So CKE's funds from operations in Q2 have risen significantly relative to Q1.