Peters & Co. Limited acted as financial advisor to Chinook in connection with the Transaction and has provided its verbal fairness opinion (the "Fairness Opinion") that, subject to review of the final form of documents affecting the Transaction, as at the date of the Arrangement Agreement, the consideration to be received by Chinook shareholders pursuant to the Transaction is fair, from a financial point of view to Chinook shareholders. Hold if you are a long-suffering holder of it. Acquisition of Cyries Energy (CYS-T) gave them a nice core area in Wapiti Gold Creek. With their purchase of Cyries Energy, they have bolted from being a junior to intermediate ranks. Expect they will be building this to 50,000 barrels a day. Wait until the end of the summer or early fall and buy it in anticipation of a colder winter. Have some great volume growth ahead of them. Growing production very quickly. An annual and special meeting (the "Meeting") of Chinook shareholders will be called to consider, among other things, the Transaction. This is one to buy for the long-term. Chinook’s Board of Directors approved a $40 million capital program for 2017 focusing on the development of liquids-rich natural gas at Birley/Umbach, British Columbia. Additional information on these and other factors that could affect Chinook’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) and at Chinook’s website (www.chinookenergyinc.com). Very gas weighted. This is a “park it and forget it” stock. He is hoping someone will buy the assets or the company. At the time of writing, our data says that Chinook Energy Inc. has a market cap of CA$12m, and reported total annual CEO compensation of CA$346k for the year to December 2018. Also had stagnant production from the acquisition. published on Stockchase. Don't make it a core position. One of the better names in natural gas group. Would sell on any uptick. There are others with less debt and cheaper production costs. Management appears very good and have a good track record. 2005 Chinook Eagle, 2005 Chinook Eagle 2100LT. Problem is that cash costs are not quite as low as he would like. Excellent management team. Disposition of Non-Core Knopcik/Pipestone Assets. Working capital excluding mark-to-market derivative contracts, current portion of decommissioning obligation and assets and liabilities held for sale is calculated as current assets less current liabilities both of which exclude derivative contracts and assets and liabilities held for sale and current liabilities excludes any current portion of debt and decommissioning obligation. Excellent assets. The Knopcik/Pipestone Assets included 15.8 net sections of land, of which 5.25 net sections would have necessitated drilling activity in 2017 prior to expiry. Shale plays are having enormous success, particularly in the US. Stockhouse.com is owned by Stockhouse Publishing Ltd. © 2019 Stockhouse Publishing Ltd. All rights reserved. help us fix any errors. Although Chinook believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. One of the better ones out there. The Transaction offers a liquidity event and cash consideration to all shareholders. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Please go to the link in the email message to retrieve your password. An attractive company. Can sleep up to 4, lots of storage, closet (with stackable shelves), wood grain cabinets, marine style bath, privacy curtains, blinds, 6 cu. We will not release or resell your information to third parties without your permission. The Meeting is expected to be held in late-April 2020 with closing of the Transaction anticipated to occur thereafter in April 2020 upon satisfaction of all conditions precedent thereto. Well run. This publicly announced process followed strategic reviews in 2018 and 2016. Has had a few divestments to keep the balance sheet clean. A gas price bounce to $6 will give them some lease in life but meantime production is probably going to fall. By providing my email, I consent to receiving messages from Stockhouse. Producing over 20,000 BOEs a day. Small company that looked like it was heading up and had good management. Have Montney shale to drill. Junior gas has come way too far too fast. A great story that the market doesn't appreciate yet. CALGARY, ALBERTA–(Marketwired – Feb. 8, 2017) – Chinook Energy Inc. (TSX:CKE) (“Chinook” or the “Company“) is pleased to announce the following non-core asset disposition and its capital program and guidance for 2017. Natural gas producer in Western Canada. Good management team. The Arrangement Agreement also provides for, among other things, customary board support and non-solicitation covenants, subject to a "fiduciary out" for unsolicited "superior proposals" in favor of Chinook and a provision for the right to match any superior proposal in favor of the Purchaser. Gas oriented. M&A could happen at any time. Natural gas focused. The Transaction will require the approval of 66²/3% of the votes cast by the Chinook shareholders and, if required, the approval of a majority of a minority after excluding the votes cast by persons whose votes may not be included in determining minority approval of a business combination pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, present in person or by proxy at the Meeting. Can sleep up to 4, lots of storage, closet (with stackable shelves), wood grain cabinets, marine style bath, privacy curtains, blinds, 6 cu. It is a trending stock that is worth watching. President and Chief Executive Officer Recently acquired Cyries Energy. 0 stock analysts If looking for a small cap gas stock, see Top Picks. Chinook Energy Inc was recommended as a Top Pick by More gas oriented. If production increases come through in 09, they will be about 25%-30%. https://www.newsfilecorp.com/release/52687, Stockhouse @ the Bell: Markets endure stimulus concerns & tech losses, Stockhouse @ the Bell: North American catch a second wind. Disposition of Non-Core Knopcik/Pipestone Assets . There is a major draw down on Canadian inventory supplies by the US because LNG imports from Europe have dropped off. 2005 Chinook Eagle 2100LT. When the market comes back, it will be the seniors that will respond first. Chinook Energy Inc. is a Calgary-based upstream oil and gas company with exploration and production operations focused in Western Canada. He hopes they can sell the Tunisian assets and bring the cash back to Canada and invest in some interesting plays. TSX:CKE or CKE-T. Up for sale but hard to put a price on what it should be worth. It is cashed up, not a lot of debt. We paraphrase the experts by hand, we watch the shows and write down what we understood There are a lot of better places to safely sit. Barrels of oil equivalent (boe) is calculated using the conversion factor of 6 mcf (thousand cubic feet) of natural gas being equivalent to one barrel of oil. Could be a pullback in energy, which would make a good buying opportunity. Have some assets in Canada and some in Tunisia. Forward-looking statements are typically identified by words such as “anticipate”, “continue”, “estimate”, “expect”, “forecast”, “guidance”, “may”, “will”, “project”, “could”, “plan”, “intend”, “should”, “believe”, “outlook”, “potential”, “target” and similar words suggesting future events or future performance.

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