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Chinook Energy Inc. Common CNKEF



GREY:CNKEF - Post by User

Post by stockfyon Mar 15, 2018 5:16am
155 Views
Post# 27718283

CKE's Facts and JDavis17 alias after banned for life from IV

CKE's Facts and JDavis17 alias after banned for life from IVJDavis17 alias....A reminder to the newcomers about this sick case. This alias has 181 ignores in just 6 months with this current 7th or 8th Stockhouse account, I have lost the count. This resident liar has accumulated more than 1,000 ignores in less than 3 years on Stockhouse while he has also been booted out from Investor Village for life.

This resident troll and liar is coming on CKE's board to tell us that the CGR (Condensate to gas ratio) from CKE's Montney wells after 365 days of production is lower than the CGR after 30 days of production, based on the latest press release with the drilling results from its Montney wells drilled in 2014, 2015, 2016.  What a discovery!! Since JDavis17 alias is the resident troll and liar, he fails to mention that this gradual decline is THE RULE for all the Montney peers that are heavily indebted like BIR, PONY, CQE, DEE etc. This gradual CGR decline is THE RULE for every Montney well.   
 
There is not one single Montney producer whose the CGR ratio rises after 90 or 180 or 365 days of production. None. If there is one, show it to me. 

He also fails to mention that CKE's Montney wells exceed expectations because they have one of the lowest decline rate in the Montney space when it comes to their natural gas production even after  120 days or 180 days of production.


He also fails to mention that the last 4 Montney wells were drilled with the new completion design, so they have even better flow rates and even higher CGR ratios than the old Montney wells that were drilled with the previous completion design. 

He also fails to mention that CKE currently trades much lower on all the key metrics than every other Montney producer such as per flowing barrel of production, per boe of 2P reserves, per NAV.

He also fails to mention that CKE remains debt-free and its increased credit facility of $18 million is undrawn while the Montney peers remain heavily indebted paying interest rates of 9%-10% or higher, see DEE and CQE and PONY and BIR and NVA.

He also fails to mention that CKE's Montney wells are the CHEAPEST ONES in the Montney space costing only $4.2 million to drill and complete.

He also fails to mention that CKE's Montney acreage is currently valued under $1,000/acre while the Montney acreage for all the other Montney peers is valued well above $2,000/acre.

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