RE:This seems to be pretty close to Chinook.Great news for CKE's core operating area. Aitken Creek plant is connected with CKE's Aitken Creek pipeline whose value has been rising since mid-2017, see Value Digger's latest CKE article.
Also, AltaGas says that it plans to make more deals with other Montney producers in the Aitken Creek area. Could it be CKE??? Yes, of course.
Also, Black Swan is currently constructing a gas processing plant in Aitken Creek, which is what will further boost the value for CKE's Aitken Creek pipeline. Check the excerpts below from AltaGas press release:
"Over the next few years our gas business will continue to be a large driver of growth and an area of significant investment," continued Mr. Cornhill. "We continue to see strong interest in our integrated gas processing and energy export solution and look forward to partnering with other Northeast B.C. producers in the liquids rich Montney region," concluded Mr. Cornhill. and this:
Under the terms of the commercial arrangements AltaGas will acquire 50% ownership in the existing 110 MMcf/d North Aitken Creek Gas Plant and in Black Swan's 100 MMcf/d Aitken Creek Gas Plant which is currently under construction. AltaGas will have the option to participate in two additional plant phases including the potential for enhanced liquids recoveries which could more than double the NGL output of the Aitken Creek Processing Facilities.
The press release from AltaGas:
https://www.newswire.ca/news-releases/altagas-announces-the-acquisition-of-50-interest-in-black-swan-aitken-creek-gas-processing-plants-and-processing-transportation-and-marketing-agreements-694357051.html