Chinook Energy Inc. Common CNKEF

RE:Value Digger's Comments on Chinook's Annual Report

[BayLife]

Thank you for sharing Miner1967.

I share VD's point of view, however as one commentator (dd12) pointed out, the new drills will influence the netback & operating costs numbers in Q1-Q2. Looking forward to seeing how it plays out.

Also, on an EV/EBIBTA, the commentator (dd12) makes a point... the metric is not that compelling:

• EBIT = 8.93$/boe (netback) x  6150 boepd (2017 exit production) X 365 =  20 045 617.5$
• G&A = We can debate on the G&A expenses, but let's take his $7M predictions and we get a net
• CFO = 2 0455 617.5$ - 7M$=  13 045 617.5$
• EV = $90.91M
• EV/EBIBTA = $90.91M / $13M = 6.96 x

 

Still trying to make up my mind on the numbers.

Disclaimer: I'm long on CKE.CA.