GREY:CNKEF - Post by User
Post by
Bean_and_Dunnon Jan 12, 2018 7:42am
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Post# 27340066
2767 this year versus 3182 last 12% below 5 yr average
2767 this year versus 3182 last 12% below 5 yr average https://ir.eia.gov/ngs/ngs.html
The 5 year average storage is about 1,800 billion cu ft. So it would take 3 weeks like the last to drop to the average. The lowest for winter is about 800 BCuFt. That would be 6 weeks of really cold weather like last week. That would take us into March, but wouldn't leave anything to spare. It probably won't happen this year, but...
Sooner or later this gas supply bubble will burst. Spending plans have been heavily cut back already.
Chinook has production behind pipe which they have the choice to turn on depending upon a decent price. They are not forced to lock up any lousey price thank goodness.
AECO spot prices are back to $2.98 CDN
Henry Hub was $3.08 U.S.
https://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices
Other oil and gas companies such as NuVista NVA (up $0.41 yesterday and near their year high price of $8.87) are jumping up, so why isn't CKE moving in the right direction? Their debts are minimal. Their compressor station better damn well be completed by now. P.S. management; Why haven't you informed the public that this work has been finished? It might help the share price.
I still think CKE provides tremendous value. My best regards to all shareholders.
B&D