Chinook Energy Inc. Common CNKEF

RE:Lowered to “Hold” at GMP Securities

[kisstopherp]

kijiji wrote:

GMP Securities downgraded shares of Chinook Energy Inc. (TSE:CKE) from a speculative buy rating to a hold rating in a report issued on Thursday.

Separately, Raymond James Financial, Inc. set a C$0.50 price objective on Chinook Energy and gave the stock a market perform rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of C$0.55.

Analysts are irrelevant - They are LAGGING indicators not LEADING indicators.

None of them have been remotely accurate in the last 5 years.

This means nothing..