GREY:CNKEF - Post by User
Post by
George98on Jan 05, 2017 10:34am
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Post# 25670052
CKE hedged at C$3.20/GJ or C$3.50/Mcf !
CKE hedged at C$3.20/GJ or C$3.50/Mcf !CKE hedged most of its natural gas volumes for 2017 with a floor of approximately C$3.20 per GJ translates into approximately C$3.50 per mcf, see the latest press release.
So CKE will sell a big part of its natural gas Montney production from Birley in 2017 for C$3.50/Mcf, do you realize this great price?
For reference, CKE was receiving C$1.40/Mcf in Q1 2016....whilst it had very high operating costs back then because it included CRAFT's assets and the recently-divested assets to Manitok (MEI).
No, you can't realize CKE's benefits in advance. You want to see Q1 2017 first. It's not easy to be a forward thinker....