Chinook Energy Inc. Common CNKEF

Fairly valued?

[spoiledsuzy]

Here's the NUVISTA transaction:

CALGARY, ALBERTA--(Marketwired - June 13, 2016)W6 Deep Basin Non-Montney Asset Sale ("W6 Assets")NuVista has entered into a definitive purchase and sale agreement for the divestiture of our W6 Sweet Cretaceous (Non-Montney) natural gas assets in the Wapiti area south of Grande Prairie in exchange for $70 million in cash (before adjustments) together with certain Wapiti area Montney lands. Proceeds from the disposition will initially be used to repay existing bank indebtedness.The metrics associated with the divested non-Montney assets are summarized as follows:The current production is approximately 3,200 Boe/d, comprised of 73% natural gas, 22% NGL's, and 5% condensate;2017 average production is expected to be 2,500 Boe/d;Funds from operations are anticipated to be approximately $3.0 million* for the second half of 2016; andTotal Proved Producing (PDP) reserves are 7.5 MMBoe and Total Proved Plus Probable reserves are 21.7 MMBoe with FDC of $102 million**.https://www.nuvistaenergy.com/investors/news-releases/?releasePage=2069189

Given that, I'd say CKE is being valued reasonably fairly although there is good upside for patient investors with a long-term time horizon.