GREY:CNKEF - Post by User
Comment by
stockfyon Sep 03, 2018 3:24am
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Post# 28555467
RE:Up the Creek without a paddle ?
RE:Up the Creek without a paddle ?PeterM1, with all due respect, you make some key mistakes about CKE 's production.
In Q4 2016, CKE's production included Craft's production. Craft spinoff took place in Dec 2016.
The new CKE (proforma the Craft spinoff of Dec 2016) has NEVER (this is NEVER) forecasted end 2018 exit production of 9,506 boepd. Again, this is NEVER. If you still disagree with me, post the specific excerpt. Thanks.
PeterM1 wrote:
CKE end Q4 /2016 average daily production was 4,655 boe/d. As recently as May 2017 CKE was forecasting end 2018 exit production of 9,506 boe/d a day. In the last quarterly report, that number dropped by over 50% - to just 4,100 boe/d - about 1000 boe/d less than peak production in 2018. Now of that isn't a material change that calls for some serious explanation I don't what is.