CKE Becoming Analyst Darling?Here's a story on Chinook Energy I wanted to share:
https://seekingalpha.com/article/4051519-chinook-energy-free-last-montney-growth-engine-begins-bargain-valuation
Now a debt free company with 6000-ish boe/d prod'n (est. ~1500 boed oil & ngls) with analysts starting to take notice of value potential (targets are averaging $0.62 right now). They have ~216 million shares outstanding (RMP's ~151 million) and trading at $0.32. CKE drilled no wells in 2016 but have some good Montney production.
So why show this? Well RMP bought CKE out of Gold Creek including valuable infrastructure (try doing that now...). CKE appears to be focusing on their predominately gas weight'd Montney assets (type curve is like 6 bcf/well @ 34 bbl/mmcf liquids yield) and analysts are giving them a target double the current trading price. With the much more liquids rich Gold Creek Montney with 3 wells drilled AND already operational infrastructure it shouldn't be hard to attract similar optimism to RMP's near future valuation.