Chinook Energy Inc. Common CNKEF

RE:RE:RE:Additional Behind Pipe production is 3,500 boepd

[bigreturn11]

I've loaded up on CKE.  They have cash to carry, no debt.  The safest and most undervalued sized company in the <$200 million grouping. Premium, land with monster wells.  I have no issues with them holding back the resources at depressed pricing.  the wells are drilled and ready to go as the commodity prices increase.

The Birley facility should be ready to handle larger volumes. And when the time is right, they have plans to easily increase the handling facility.

If management can conserve cash for up to a couple years, they will be strongly positioned to take off. My wish would be that they hang tight and conserve cash and when things start to pick up in a safer market, pay a relatively higher rate than the current price and drill like crazy. I'm okay with burning a couple million $$ per quarter while in hibernation mode and it is okay for production to decrease. Save the resources for a better environment!

Great youtube video - smart and strategic growth. https://www.youtube.com/watch?v=ev1FN5gMLPo