RE:RE:CKE's Quarterly CF will jump sequentially by year endStockify, although you're right that it's 4%, 6%, and 12%, and that *this* is free condensate (C5+) collected at the wellhead, I think if you check you'll find that all these wells actually produce a mix of NGLS from propane on up.
Look at the MDA for Q4 2016, p. 11, where the NGL production for the quarter is reported as 613 boe/d and the average price for NGLs is reported as $40.70 per boe, although the price of oil is $70 (all Canadian, of course). For this to make any sense at all, that $40.70 is a composite price that includes propane (c. $20 per barrel), butane (c. $40), pentane-plus (c. $70, tracking WTI).
stockfy wrote: Good factual post. But you know what Miner? I said that these forums are full of trolls or lazy investors who ignore the basics about this industry. A poster "ferret_ca" or "ferret-ca" just alleged that 2 out of CKE's 3 latest Montney wells had 4% ngls.
This is a cheap lie because the results are 4%, 6% and 12% Free Condensate.
On top of that, CKE's liquids is Free Condensate that sells at a Premium to WTI. Despite "ferret_ca" allegations, CKE's liquids from its Montney wells are not NGLs (butane, propane) which sell for about 40% of WTI. Huge difference on pricing and the resulting IRR.
Understanding the huge difference between premium priced Free Condensate from low priced NGLs is basic knowledge but this "ferret_ca" alias is still allowed to post on Stockhouse......pathetic. Now I understand why he has 130 ignores.