RE:RE:CKE (~10% cond), PPY (4% cond), SRX (10% condensate) Thank you Stockfy and Scudmysterwork.
Just tell me, when I provide FACTS like,
"CKE's Enterprise Value now is just $53 million, with 5,350 production as of March 2017, Zero Debt, $25 million working capital surplus and 27 MMboe of Proven and Probable reserves. It will exit 2017 at 6,300 boepd too.
Estimated annual cash flow is about $15 million, and this estimate includes the cash flow from the 4 Montney wells that will be drilled and completed in Q2 - Q3."
And the answer is,
"Chinook cannot afford to drill any wells. It's pointless. No production or new production"
What I could possibly say to such DENIAL OF THE REALITY??