So it goes Nothing much changes here.
Deputy head troll Bouquets - always the drama queen- is back onto the Oak pipe line - stoking fears that CKE could have its production cut to nil. The landslide occurred back in November and CKE was pumping almost 6000 boed a day in December. His post here was similar one back in November 2017 when he tried to stir the pot with another “pipe line incident” report. This “incident” occurred back in 2016, was not a big deal anyway and took place on one of the old Craft properties. In short it had nothing to do with the new CKE.
But to clear up the Oak situation - take a look at the map on page 35 of the report below. It shows the pipelines serving CKE - it is pleasing to see how well served our properties are. There are in short alternatives to Oak.
https://apps.neb-one.gc.ca/REGDOCS/File/Download/2503864
Meanwhile the suspicious CIBC and TD trades continue. On February 22 anyone notice how - having just bought about 100,000 shares at 20.5c, TD dumped 500 to bring the price back down to 20c. Yesterdays trade - the only one of the day - was in classic form. 500 shares down 10c to cause an overall decline of 5% in CKE value.
It seems to me that all in all accounts at CIBC / TD are net buyers of CKE and could by my very rough estimate have accumulated a couple of million plus shares over the past year.
Strange Bouquets never discusses these trades. But then he tells us he owns no shares in CKE. It is also strange then - that until I drew attention to this fact - his sole pre occupation and only posts were to the CKE board.
Maybe he could shed some light on this. It could take our minds off all these pipeline incidents he keeps bringing up.