GREY:CNKEF - Post by User
Comment by
BayLifeon Mar 11, 2017 2:06pm
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Post# 25967888
RE:Value Digger's Comments on Chinook's Annual Report
RE:Value Digger's Comments on Chinook's Annual Report Thank you for sharing Miner1967.
I share VD's point of view, however as one commentator (dd12) pointed out, the new drills will influence the netback & operating costs numbers in Q1-Q2. Looking forward to seeing how it plays out.
Also, on an EV/EBIBTA, the commentator (dd12) makes a point... the metric is not that compelling:
- EBIT = 8.93$/boe (netback) x 6150 boepd (2017 exit production) X 365 = 20 045 617.5$
- G&A = We can debate on the G&A expenses, but let's take his $7M predictions and we get a net
- CFO = 2 0455 617.5$ - 7M$= 13 045 617.5$
- EV = $90.91M
- EV/EBIBTA = $90.91M / $13M = 6.96 x
Still trying to make up my mind on the numbers.
Disclaimer: I'm long on CKE.CA.