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Chinook Energy Inc. Common CNKEF

Energy Oil & Gas E&P


GREY:CNKEF - Post by User

Chinook Energy Inc. Common > CKE downgraded today, target price .15
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Comment by Bean_and_Dunnon Dec 14, 2017 5:21pm
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Post# 27160024

RE:RE:RE:RE:RE:CKE downgraded today, target price .15

RE:RE:RE:RE:RE:CKE downgraded today, target price .15And Sarnia Ontario's Nova plant has just announced a $2 Billion addition to their Corunna Site which will consume much Marcellus Basin Shale gas.

Natural Gas is backing up the power grid these days not coal. 

LNG plants are springing up all over. Seven were approved and under
construction for export of 9.65 Billion cubic feet per day

https://www.ferc.gov/industries/gas/indus-act/lng/lng-approved.pdf 

Pipelines are being approved to transport the gas around.

CKE though relies more on CONDENSATE for its earnings. 

Condensate is selling in the mid $70's per barrel up substantially
from last years prices.

B&D
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