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Chinook Energy Inc. Common CNKEF



GREY:CNKEF - Post by User

Post by Miner1967on Dec 31, 2017 12:00pm
198 Views
Post# 27254369

Our bashers are simply dishonest

Our bashers are simply dishonest

Firstly PeterM1: He says that weather (aka AECO prices) have nothing to do with Chinook right now.

That is an obvious lie, weather in U.S. is related with NOVA/AECO prices and Chinook NEEDS TO HEDGE. AECO prices are currently related with Chinook.

PeterM1 again: He compares Chinook's production of 2015 with Chinook of 2017, while he knows very well that Chinook has sold assets in 2017 and the 2015-2017 production levels are not comparable.

He also compares the share price. But let's see the facts here: one year ago the stock traded at 0.455, today at 0.255 PLUS the shares we have got from the assets disposition: Shares of Cardinal, Point Loma and Manitok.

Compare this now with the performance of other Montney nat gas producers to understand the sector's tourmoil: PONY for example was traded around 5.70, now at 2.67....BBI? then 0.55, now 0.35...PeterM1 "prefers" to "forget" the peers...

So, PeterM1 is playing the role of the "concerned long". He is a supposed shareholder who finds, surprisingly, mostly negatives in his investment, but he insists "weirdly" to hold it..! An old, lame trick.

On the other hand, yes I am long on Chinook. There is no perfect stock but I find more positives than negatives here. I hold shares, I added recently and I will hold for some time more, at least. I also believe that the right share price to sell is higher than 0.25, so if you want to sell, I suggest to hold for now.

This is just my opinion. And I don't need to attack to others to support my thesis like PeterM1 did with his misinformation.

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