Chinook Energy Inc. Common CNKEF

CKE & Key Metrics from the UGR deal (93% Natural Gas) in BC

[George98]

As quoted from Value Digger's latest article about CKE and the PPY-UGR deal which is another example of CKE's tremendous undervaluation: 

Value Digger, Premium Contributor

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Canadian Opportunities,

 

If you are interested in being objective about the PPY-UGR deal, please let me tell you that:

 

- PPY paid C$4,000/net acre for UGR (93% natural gas).

 

- PPY paid C$32,600/boepd (93% natural gas).

 

- PPY paid 9 times UGR's annual cash flow (93% natural gas).

30 Mar 2017, 01:22 PM  

Canadian Opportunities, Contributor

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@VD. Thanks: your figures coincide with mine on those metrics. The price was higher than I would have thought on some metrics, lower on others.

30 Mar 2017, 01:32 PM  Report AbuseReply0Like

Global Investor

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The acquisition metrics for the MONTNEY deal in British Columbia between PPY and UGR is another clear indicator of the NEW CKE's tremendous undervaluation.

 

It's also noteworthy that UGR has MORE natural gas than the NEW CKE (93% versus 83%)!

 

it's also noteworthy that UGR has a significant amount of debt with its leverage being about 2 times while the NEW CKE is debt-free!

31 Mar 2017, 06:19 AM  Report AbuseReply2Like