RE:RE:CKE as a Montney Producer now must tell its story mike49 wrote:
There is a reason the sp stayed where it was all year and not just because someone 'didn't' get it.
Mike49, it seems that you think that nothing has changed during this year, so CKE should still be traded where it was.
But in this exactly I was referred:
"the drilling results from the 3 new Montney wells,
with nat gas at US$3.5/MMBtu (Henry Hub) and AECO above C$3/GJ, With about $24 Million in cash and no debt, With their Birley/Umbach gas production getting a premium price (Chicago Citygate) thanks to the recent Alliance contract, With a new gas handling agreement for all their British Columbia production that adds C$2.70/boe (see recent corporate news) and with the drilling results from the offset Montney operators"
Therefore I don't believe that CKE (with Craft) should trade around $0.50 and a little above, like it did the most time in 2016. I think there are reasons/facts like the aforementioned above to trade higher. Much higher. And I believe that even for CKE alone, without Craft.