GREY:CNKEF - Post by User
Comment by
Beakr123on Oct 15, 2018 6:56pm
77 Views
Post# 28806011
RE:RE:RE:The demand for gas tug of war is already starting (see news)
RE:RE:RE:The demand for gas tug of war is already starting (see news)
Tourmaline (Huge numbers up in Gundy), Painted Pony, Black Swan (Still private, great company), Crew Energy (Not a huge fan, better than Chinook though), Arc Resources, Leucrotta (Not the best but prime buyout target), Saguaro Resources (Another private, fantastic condensate production). The list goes on. This is just around FSJ, then you think about south of GP. Even outside that there are a number of companies who are down which have excellent production and ever improving books. The only play with Chinook is HOPING someone will give fair value for a purchase. I guess there is some value there but so far the benchmark for buyouts has been trash. If you buy a company on a hope then your asking for trouble. Chinook is a poorly run company, yields poor results and is in somewhat of a more remote spot compared to other players. They have hardly any money to build infrastructure. I don't know just my two cents but its amazing this company has hung around so long. Just awful.