Chinook Energy Inc. Common CNKEF

RE:RE:RE:RE:U pay C$80m & u get C$290m, LXE's & BBI's metrics

[George98]

George98 wrote:

BobTheKnob2 wrote: I think part of the reason why this stock has not moved much is due to the fact it is quite thinly traded. If I recall correctly management holds a good percentage of the stock as does AIMCo. I think it is safe to say that both would be considered to be long term holders under most circumstances.  Because there is not a huge float, the story doesn't get out as much and it is more challenging for institutional funds to purchase sufficient quantity to hold in their funds. I think that is probably the biggest reason right there.

Insiders and the Queen of Alberta thru AIM own about 47%, so the float is tight. On the flip side, tight floats are always explosive,  once the smart fundamental investors accumulate the shares they want.

And CKE is the definition of the bargain given that it owns 70% of Tournament AND it is also a Montney producer whose value is at least $150 million now based on its Montney production, Montney 2P reserves and the key metrics of the peers.

And it was great to read that CKE will give ALL, not part as initially planned, the Tournament shares to its shareholders. So by buying CKE now you kill 2 birds with 1 stone.