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Last C$0.69 CAD
Change Today 0.00 / 0.00%
Volume 155.9K
CKE On Other Exchanges
Symbol
Exchange
Frankfurt
OTC US
As of 4:00 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

chinook energy inc (CKE) Snapshot

Open
C$0.70
Previous Close
C$0.69
Day High
C$0.73
Day Low
C$0.66
52 Week High
09/2/14 - C$2.46
52 Week Low
08/19/15 - C$0.61
Market Cap
148.5M
Average Volume 10 Days
126.1K
EPS TTM
C$-0.16
Shares Outstanding
215.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINOOK ENERGY INC (CKE)

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chinook energy inc (CKE) Details

Chinook Energy Inc. explores for, develops, and produces crude oil, natural gas liquids, and natural gas in Canada. It owns various oil and natural gas properties located in the Plains-West Central, Grande Prairie, and the Peace River Arch districts of the western Canada. Chinook Energy Inc. was founded in 2003 and is headquartered in Calgary, Canada.

63 Employees
Last Reported Date: 03/9/15
Founded in 2003

chinook energy inc (CKE) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$288.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$124.9K
Chief Operating Officer
Total Annual Compensation: C$256.0K
Vice President of Exploration
Total Annual Compensation: C$228.0K
Compensation as of Fiscal Year 2014.

chinook energy inc (CKE) Key Developments

Chinook Energy Inc. Reports Consolidated Operating and Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year of 2015

Chinook Energy Inc. reported consolidated operating and earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net loss of $5,822,000 or $0.03 per basic and diluted share compared to net income of $4,391,000 or $0.02 per basic and diluted share in 2013. Funds from operations was $2,995,000 or $0.01 per basic and diluted share compared to $14,798,000 or $0.07 per basic and diluted share in 2014. Net loss from continuing operations was $5,822,000 or $0.03 per basic and diluted share compared to net profit from continuing operations of $3,531,000 or $0.02 per basic and diluted share in 2014. Capital expenditure was $4,921,000 compared to $18,998,000 a year ago. Petroleum and natural gas revenues, net of royalties were $14,934,000 compared to $32,595,000 a year ago. For the six months ended June 30, 2014, the company reported net income of $2,366,000 or $0.01 per basic and diluted share compared to net income of $10,476,000 or $0.05 per basic and diluted share in 2013. Funds from operations was $4,218,000 or $0.02 per basic and diluted share compared to $32,394,000 or $0.15 per basic and diluted share in 2014. Net income from continuing operations was $2,366,000 or $0.01 per basic and diluted share compared to net profit from continuing operations of $3,941,000 or $0.02 per basic and diluted share in 2014. Capital expenditure was $27,014,000 compared to $42,611,000 a year ago. Net debt was as at June 30, 2015 $46,705,000 compared to $80,536,000 a year ago. Petroleum and natural gas revenues, net of royalties were $30,174,000 compared to $68,624,000 a year ago. For the quarter, the company reported oil production of 1,284 bbl/d compared to 2,267 bbl/d a year ago. Natural gas production was 25,290 mcf/d compared to 29,570 mcf/d a year ago. Average daily production was 6,103 boe/d compared to 7,911 boe/d a year ago. Production in the second quarter of 2015 averaged 6,103 boe/d, down 23% from the same period in 2014 and down almost 20% from the first quarter of 2015. For the six months, the company reported oil production of 1,384 bbl/d compared to 2,176 bbl/d a year ago. Natural gas production was 29,128 mcf/d compared to 29,468 mcf/d a year ago. Average daily production was 6,881 boe/d compared to 7,919 boe/d a year ago. The company revised its 2015 guidance. For the period, the company revised its average production to 6,600 boe/d to 7,000 boe/d from the previous guidance of 6,600 boe/d to 7,000 boe/d, Exit production to 7,600 boe/d to 7,900 boe/d from the previous guidance of 6,800 boe/d to 7,100 boe/d, Funds from operations to $9.0 million to $10.0 million from the previous guidance of $10.0 million to $11.0 million, Net surplus to $22.0 million to $24.0 million from the previous guidance of $34.0 million to $35.0 million, Capital expenditures to $55 million from the previous guidance of $55 million.

Chinook Energy Seeks Acquisitions

Chinook Energy Inc. (TSX:CKE) announced that it will continue evaluating potential corporate or asset-based acquisitions.

Chinook Energy Inc. Announces Amended Credit Facility

Chinook Energy Inc. announced its amended credit facility following the completion of the semi-annual review of its facility by its bank syndicate. The amended credit facility provides a borrowing base of $75 million, down from $125 million, primarily as a result of significantly reduced commodity pricing and non-core asset dispositions. The credit facility is subject to re-determination on a semi-annual basis, with a maturity date of June 23, 2016, subject to further extension. The company is currently undrawn on its credit facility and exited the first quarter 2015 with a working capital surplus of $48.6 million. The company anticipates funding the remainder of its previously announced $45 million capital program for 2015 through a combination of cash on hand and funds from operations and anticipates exiting 2015 undrawn on its credit facility and with an estimated working capital surplus of $34 million.

 

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Price/Book 0.5x
Price/Cash Flow 2.3x
TEV/Sales 1.1x
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