Chinook Energy Inc. Common CNKEF

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

[George98]

BayLife, I have read VD's latest article along with the comments from "dd12" alias who keeps making blatant errors. And this dd12 commenter also swallows the fact that Leucrotta (LXE) (~80% natural gas) with NEGATIVE Operating Cash Flow and Operating Cost as high as C$15 per boe currently trades at C$93,000 per boepd and 31 times its estimated annual Cash Flow for 2017 !! No comment. None. Zero. This fact alone should concern you about his real intentions and his real agenda given that he has been repeatedly making mistakes with his CKE's calculations.

Anyway, one of dd12's latest blatant mistakes is that he claims that Chinook's EV is C$90 million.

The NEW CKE's EV at C$0.42 per share is just C$65 million because the NEW CKE has C$25 million working capital suplus as of March 2017. Read the guidance and the latest news.

Again, the NEW CKE's EV at C$0.42/share is just C$65 million.

So the NEW CKE at C$0.42 per share trades just 4 times the estimated annual Cash Flow in 2017.


Also, another key mistake from "dd12" alias is that he uses the 6,100 boepd for 365 days (!!) but this is the EXIT production for December 2017, it's NOT the production for the entire 2017.

Many key mistakes from "dd12" and they are intentional, believe me. He is one of VD's haters. His buddy "bankstocks" alias was repeatedly claiming that CRAFT's value was ZERO (!!). And since CRAFT made two deals with CJ and PLX, he has swallowed them and he has not said one single word about them.