Chinook Energy Inc

CKE-T

Analysis and Opinions about CKE-T

Signal
Opinion
Expert
HOLD
HOLD
March 29, 2010
Sort of hit a wall when it bought Sequal. Gas prices also played a role. Up for sale but hard to put a price on what it should be worth. If you own, be patient for a couple of months.
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Sort of hit a wall when it bought Sequal. Gas prices also played a role. Up for sale but hard to put a price on what it should be worth. If you own, be patient for a couple of months.
COMMENT
COMMENT
March 19, 2010
This company will definitely get sold and the deadline has been extended to April 10. Good company, good properties and great management. They are gassy and are too small to take advantage of some of the good properties that they have. Hoping the sale price will be north of $2.
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This company will definitely get sold and the deadline has been extended to April 10. Good company, good properties and great management. They are gassy and are too small to take advantage of some of the good properties that they have. Hoping the sale price will be north of $2.
SELL
SELL
February 24, 2010
They recently put themselves up for sale. It’s a matter of what someone will pay for it. Will likely sell over the next 90 days. Hold if you are a long-suffering holder of it.
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Chinook Energy Inc (CKE-T)
February 24, 2010
They recently put themselves up for sale. It’s a matter of what someone will pay for it. Will likely sell over the next 90 days. Hold if you are a long-suffering holder of it.
BUY
BUY
January 20, 2010
Saw an analyst increase estimates for the first time in 2 or 3 years. Doesn't have as much issue on their debt as everybody thinks. Poised to move significantly higher. On his short list.
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Chinook Energy Inc (CKE-T)
January 20, 2010
Saw an analyst increase estimates for the first time in 2 or 3 years. Doesn't have as much issue on their debt as everybody thinks. Poised to move significantly higher. On his short list.
SELL
SELL
November 9, 2009
Insider buying, which is positive. Good management team. Was slow getting into resource plays and then got caught up in some debt related issues. Thinks those things have been resolved. However gas weighted and not in the shale or resource to a large degree. Junior gas has come way too far too fast.
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Chinook Energy Inc (CKE-T)
November 9, 2009
Insider buying, which is positive. Good management team. Was slow getting into resource plays and then got caught up in some debt related issues. Thinks those things have been resolved. However gas weighted and not in the shale or resource to a large degree. Junior gas has come way too far too fast.
DON'T BUY
DON'T BUY
September 23, 2009
Small, well run gas company. Didn't hedge. Excellent positions in the Montney but is getting squeezed on the capital side. No cash flow because of low gas prices. Caught between a rock and a hard place. A gas price bounce to $6 will give them some lease in life but meantime production is probably going to fall. He is hoping for a takeover.
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Chinook Energy Inc (CKE-T)
September 23, 2009
Small, well run gas company. Didn't hedge. Excellent positions in the Montney but is getting squeezed on the capital side. No cash flow because of low gas prices. Caught between a rock and a hard place. A gas price bounce to $6 will give them some lease in life but meantime production is probably going to fall. He is hoping for a takeover.
DON'T BUY
DON'T BUY
September 22, 2009
The operational performance just has not been there and the balance sheet has been a tremendous overhang. There are a lot of better places to safely sit.
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Chinook Energy Inc (CKE-T)
September 22, 2009
The operational performance just has not been there and the balance sheet has been a tremendous overhang. There are a lot of better places to safely sit.
DON'T BUY
DON'T BUY
September 18, 2009
Gas oriented. New management team really started to grow production substantially in the last year and did an excellent job. More recently did a number of acquisitions and took on more debt and this has hurt them in the marketplace. There are others with less debt and cheaper production costs.
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Chinook Energy Inc (CKE-T)
September 18, 2009
Gas oriented. New management team really started to grow production substantially in the last year and did an excellent job. More recently did a number of acquisitions and took on more debt and this has hurt them in the marketplace. There are others with less debt and cheaper production costs.
DON'T BUY
DON'T BUY
August 14, 2009
Have done a disposition to help pay down the debt, which is very high at about 3X debt to cash flow. Very leveraged play to natural gas and a high cost producer. In a little bit of a pickle until gas prices improve.
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Have done a disposition to help pay down the debt, which is very high at about 3X debt to cash flow. Very leveraged play to natural gas and a high cost producer. In a little bit of a pickle until gas prices improve.
PAST TOP PICK
PAST TOP PICK
August 7, 2009
(A Top Pick Aug 1/08. Down 84.2%.) Gassy.
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(A Top Pick Aug 1/08. Down 84.2%.) Gassy.
DON'T BUY
DON'T BUY
June 22, 2009
Natural gas in storage is currently at 20% above the 5 year high. Cheap on its ratio compared to oil but there is a lot of gas coming out of the shale plays in the US. In the bottom 15% of his database.
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Natural gas in storage is currently at 20% above the 5 year high. Cheap on its ratio compared to oil but there is a lot of gas coming out of the shale plays in the US. In the bottom 15% of his database.
HOLD
HOLD
June 18, 2009
Natural gas focused. First-rate management team and good assets. Balance sheet was a little more levered than it should be but they did an equity issue and is now back on side. Expects natural gas prices to be low for the next 6 months.
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Natural gas focused. First-rate management team and good assets. Balance sheet was a little more levered than it should be but they did an equity issue and is now back on side. Expects natural gas prices to be low for the next 6 months.
BUY
BUY
June 17, 2009
Junior natural gas producer. The tide on natural gas is shifting in this provides a great opportunity.
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Junior natural gas producer. The tide on natural gas is shifting in this provides a great opportunity.
PAST TOP PICK
PAST TOP PICK
June 5, 2009
(A Top Pick June 20/08. Down 84.41%.) Small gas play. Have land in the Montney. Good management. Doesn't have the cash flow to do what they want to do. He is hoping someone will buy the assets or the company.
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(A Top Pick June 20/08. Down 84.41%.) Small gas play. Have land in the Montney. Good management. Doesn't have the cash flow to do what they want to do. He is hoping someone will buy the assets or the company.
DON'T BUY
DON'T BUY
June 1, 2009
Producing about 18,000 BOE's a day and just did a massive financing. She is disturbed by the lack of operational performance. Tough to see a growth story here.
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Producing about 18,000 BOE's a day and just did a massive financing. She is disturbed by the lack of operational performance. Tough to see a growth story here.
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