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Chinook Energy Inc. Common CNKEF



GREY:CNKEF - Post by User

Post by Don2018on Nov 07, 2019 10:35pm
91 Views
Post# 30325137

Compare to VII

Compare to VIIVII's condensate is about 65% of their total liquids production, CKE looks to be about 50%. 
That is important because condensate was worth about $65bbl in Q3 while other liquids were almost worthless, at $3.

But the big factor is that VII produces about 230 barrels of liquids for every mmcf, while CKE produces about 29.

Now I know that VII is the best in the business, but it remains an important consideration.
With all of the struggling natural gas producers that have similar production metrics to CKE, how many potential buyers will be willing to buy their assets? They certainly will be unlikely to offer much of a premium.
JMO
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