GREY:CNKEF - Post by User
Comment by
SeekValue1on Jan 25, 2017 10:10am
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Post# 25752160
RE:Let's see the facts.
RE:Let's see the facts.Congrats to Craft Management for doing the "Right Thing" to maximize shareholder value as it's top priority. Looks like a 0.20 distribution from Craft, not sure if they are going to shut-down the company afterwards? Any Opinions from the Board?
As for CKE, I am still optimistic about the future as a Montney Producer but my opinion is to be more aggressive to get some economy of scale .... for example using debt to accelerate the Birley Development to achieve 50 mmcf/d and drilled on the Knopcik/Pipestone (as a second high performance property). In this manner, if Nat. Gas price/Oil prices hold, CKE can double its share price in a year or two, whereas selling out now might get a 20%-30% premium on a takeover.
Anyway, my thoughts only. GLTA