Chinook Energy Inc. Common CNKEF

RE:For who the bell tolls

[Bean_and_Dunn]

Of note Bison owns 11% Her Majesty the Queen owns 37% by and large either could block a takeover attempt at too low a price. For a take over to succeed at least 66% of shareholders would have to approve. Bison is not likely to sell for less than they paid. There is no urgant need to do so.
The land position is quite undervalued. Chinook is borderline profitable.  With an LNG plant in the offing CKE could soon be very profitable. Heck with a new government at the federal level we could see some very substantial improvement in revenues.

On the other side of the ledger, Chinook's tax losses are enormous.  A profitable company would have a hay day collecting on their tax situation. Chinook is worth far more dead than living as it is at present.