Chinook Energy Inc (CKE.TO) Buy, Sell or Hold

Chinook Energy Inc (CKE.TO)

0.07

+0.01 (7.69%)

as of Apr 22, 2020, 8:00:00 pm Market Open.

12 watching

BUY

This is a “park it and forget it” stock. Very qualified management team. Nicely diversified asset base. Acquisition of Cyries Energy (CYS-T) gave them a nice core area in Wapiti Gold Creek.

COMMENT

Had a very long base, followed by a big break through. Currently at around its 200-day moving average. Should run into support at around $5.50. You could take a chance on this with a very tight stop/loss of about $4.50-$4.75.

BUY

Likes the management. Has been a little bit disappointing in terms of gas prices. When they move, it doesn't move quite as much as some of the other names. Good asset base and good balance sheet. Have done a lot of mergers and there are some quality assets that the street is not aware of yet.

BUY

Good management. Have some Montney lands.

TOP PICK

Experienced management. 164 sections in the Montney. Have 650,000 undeveloped acres. If production increases come through in 09, they will be about 25%-30%. Speculative.

BUY ON WEAKNESS

About 65% natural gas. This is one to buy for the long-term. Good track record. Recently acquired Cyries Energy. Good management team.

TOP PICK

21,000 barrels a day. Good management. 650,000 undeveloped acres and 164 sections in the Montney.

BUY ON WEAKNESS

Natural gas producer in Western Canada. Could be a pullback in energy, which would make a good buying opportunity. Have some great volume growth ahead of them. Valuation is quite reasonable.

BUY ON WEAKNESS

A lot of the high profile intermediates have gone up a great deal. Would hold off on buying them now. A great performer with about 65% natural gas. Recently merged with Cyries Energy, which was a very good deal for them. Excellent management team. Represents good value.

BUY

An attractive company. More gas oriented. Well run. Over a 2 - 3 year time horizon it will do quite well.

STRONG BUY

A great story that the market doesn't appreciate yet. Valuation is extremely compelling. Less than 4X cash flow multiple. Producing over 20,000 BOEs a day.

TOP PICK

Acquired Cyries Energy and a lot of these people have come across. Stock has had a good bounce recently. 650 net acres of undeveloped land.

PARTIAL BUY

Very gas weighted. With their purchase of Cyries Energy, they have bolted from being a junior to intermediate ranks. Excellent assets. Had a big jump, so you need to pick your points to get in. If it dropped to $6 or below, then you could back up the truck.

DON'T BUY

Very gas weighted. Acquiring Cyries Energy (CYS-T). Have taken on a little bit of debt to finance it. Wait until the end of the summer or early fall and buy it in anticipation of a colder winter.

TOP PICK

Natural gas. There is a major draw down on Canadian inventory supplies by the US because LNG imports from Europe have dropped off. Natural gas prices look like they are having an upward tendency. Even if they don't, this company should do well.

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