GREY:CNKEF - Post by User
Comment by
CanadianFemmeon Dec 17, 2017 9:33pm
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Post# 27175369
RE:RE:RE:RE:RE:CKE just distributed 6,450,000 shares for $2 Million raise
RE:RE:RE:RE:RE:CKE just distributed 6,450,000 shares for $2 Million raiseThat's a good point bouquets, I hadn't thought about the hedges. My personal (and this is just my opinion) thought is that they are going to shut down production for a while until NG prices improve for Western Canada. They're proud to be a defensive, debt-free company and have gone into hibernation before and clearly this is a strategy they feel comfortable with.
Either way, I think I'm going to send off an email to the CFO and see if he wants to add any thoughts, will keep ya'll posted.