GREY:CNKEF - Post by User
Post by
stockfyon Sep 27, 2018 11:49am
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Post# 28701405
Station 2 closed at C$1.82/mcf yesterday
Station 2 closed at C$1.82/mcf yesterdayStation 2 closed at C$1.82 yesterday. It has been above C$1.50/mcf since mid-September. This is above CKE's estimates for C$1.40 per mcf and moves the needle, so Q3 and Q4 will be good reports and CKE will generate more operating cash flow than originally estimated. Also, we enter winter season with a huge YoY deficit compared to 5 year average in natural gas inventories, so Station 2 could reach or exceed C$2/mcf in the next weeks.
Meanwhile LNG Canada is coming soon....
ALA made a deal with Black Swan yesterday in Aitken Creek and announced it wants to make more deals in the Aitken Creek area (with CKE ??), see press release below....
Black Swan also announced that it is constructing a new gas processing plant in AItken Creek, see press release below.....
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
All this is great news for CKE's 12" Aitken Creek pipeline, a significant midstream asset for CKE whose value has been rising since mid-2017 and is located in Aitken Creek.....Ducks are lined up.....