CKE: New reserves report, Landslide, Insiders add at $0.34Don't expect the trolls of the board (JDavis, auburn2, pennydredful) to tell you about these facts. They know them but they will never post them. They will only post misleading stuff or lies that will shake the tree and make you lose your confidence in CKE. These trolls are not necessarily buyers. They are often losers who lost money, so they want you to lose money too. Or they have inferiority complex, so they want to hit "Value Digger" Seeking Alpha author who recommended CKE among his other winners such as IVFH, CDH, WPT, GIFI and numerous other stocks over the last years.
The first fact is that CKE will release a new reserves report in February and all the key figures such as PDP, 1P, 2P will be significantly higher than last year thanks to the excellent 4 Condensate-rich Montney wells. These figures are key figures and determine a suitor's offer.
The second fact is that Enbridge's outage happened because of a landslide, see link below from CNRL. Contact CNRL. CNRL drills in the same area and had the same problems due to the landslide that hit Enbridge's gathering station. But landslides don't happen every day while CKE's Condensate-rich Montney wells are there to stay. The suitor knows this very well.
https://www.bcogc.ca/node/14705/download
The third fact is that insiders increased their positions at $0.34 a few days ago. They would have SUSPENDED this program and this acquisition plan and they would take cash instead, if they believed that they would lose money by buying CKE at $0.34. I quote from canadianinsider:
Jan 8/18 Dec 31/17 Vrataric, Walter Direct Ownership Common Shares 30 - Acquisition under a purchase/ownership plan 165,639 $0.340
Jan 8/18 Dec 31/17 Halpen, Timothy Sean Direct Ownership Common Shares 30 - Acquisition under a purchase/ownership plan 147,296 $0.340
Jan 5/18 Dec 31/17 Zacharias, Darrel Grant Direct Ownership Common Shares 30 - Acquisition under a purchase/ownership plan 138,959 $0.340
Jan 5/18 Dec 31/17 Dranchuk, Jason Brent Direct Ownership Common Shares 30 - Acquisition under a purchase/ownership plan 154,244 $0.340
Jan 5/18 Dec 31/17 White, Ryan Craig Direct Ownership Common Shares 30 - Acquisition under a purchase/ownership plan 125,397 $0.340