Last C$1.50 CAD
Change Today -0.12 / -7.41%
Volume 382.2K
CKE On Other Exchanges
Symbol
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As of 4:00 PM 11/27/14 All times are local (Market data is delayed by at least 15 minutes).

chinook energy inc (CKE) Snapshot

Open
C$1.64
Previous Close
C$1.62
Day High
C$1.64
Day Low
C$1.49
52 Week High
06/16/14 - C$2.85
52 Week Low
11/28/13 - C$0.81
Market Cap
322.6M
Average Volume 10 Days
456.0K
EPS TTM
C$-0.01
Shares Outstanding
215.1M
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 natural gas, crude oil, and natural gas liquids in Canada. It owns various oil and natural gas properties 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.

Founded in 2003

chinook energy inc (CKE) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$280.0K
Chief Operating Officer of Canada
Total Annual Compensation: C$249.0K
Chief Operating Officer of International
Total Annual Compensation: C$244.4K
Compensation as of Fiscal Year 2013.

chinook energy inc (CKE) Key Developments

Chinook Energy Inc. Appoints Jill Angevine to Board of Directors

Chinook Energy Inc. announced that Jill Angevine has been appointed to Board of Directors. Ms. Angevine is a Vice President and Portfolio Manager at Matco Financial Inc. with over 20 years of investment and research experience.

Chinook Energy Inc. Reports Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Updates Production and Earnings Guidance for the Year 2014; Provides Capital Expenditure Guidance for the Year 2015

Chinook Energy Inc. reported consolidated earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported petroleum & natural gas revenues, net of royalties of CAD 25,972,000 compared to CAD 26,347,000 for the same period last year. Cash flow was CAD 9,693,000 or CAD 0.05 per share basic and diluted compared to CAD 12,213,000 or CAD 0.06 per share basic and diluted for the same period last year. Net income from continuing operations was CAD 3,696,000 or CAD 0.02 per share basic and diluted compared to net loss from continuing operations of CAD 316,000 for the same period last year. Net income was CAD 11,472,000 or CAD 0.05 basic and diluted earnings per share compared to a net income of CAD 3,812,000 or CAD 0.02 basic and diluted earnings per share a year ago. Capital expenditures were CAD 14,301,000 compared to CAD 10,014,000 for the same period last year. For the nine months, the company reported petroleum & natural gas revenues, net of royalties of CAD 94,597,000 compared to CAD 76,378,000 for the same period last year. Cash flow was CAD 42,089,000 or CAD 0.20 per share basic and diluted compared to CAD 32,328,000 or CAD 0.15 per share basic and diluted for the same period last year. Net income from continuing operations was CAD 7,639,000 or CAD 0.04 per share basic and diluted compared to CAD 698,000 or 0.01 per share basic and diluted for the same period last year. Net income was CAD 21,948,000 or CAD 0.10 basic and diluted earnings per share compared to a net income of CAD 12,302,000 or CAD 0.06 basic and diluted earnings per share a year ago. Capital expenditures were CAD 56,913,000 compared to CAD 32,732,000 for the same period last year. Net debt (surplus) as at September 30, 2014 was CAD 35,870,000 compared to net debt of CAD 65,105,000 as on September 30, 2013. Production in the third quarter of 2014 averaged 7,339 boe/d, down 12% from the same period in 2013 and down 7% from the second quarter of 2014. Production was negatively impacted by third party turnarounds and pipeline maintenance as well as natural reservoir declines which have not yet been offset by new production which is expected to come on stream in the fourth quarter of 2014. Despite the decrease in volumes from the comparative 2013 period, revenue was up over 5% from the third quarter of 2013 as a result of increased commodity prices and increased proportion of crude oil production. Operating netback increased by 18% in the third quarter to CAD 21.03/boe from CAD 17.80/boe in the third quarter 2013 and by 55% in the nine months ended September 30, 2014 to CAD 27.73/boe compared to CAD 17.91/boe in the same period of 2013, principally as a result of stronger overall commodity prices in 2014 as compared to 2013. For the nine months, the company reported average daily sales of 7,724 boe/d against 8,338 boe/d a year ago. The company's Board of Directors has approved a CAD 135 million capital program for 2015 focusing on the development of liquids rich natural gas at Birley/Umbach, British Columbia and light oil at Grande Prairie, Alberta. The company expects cash flow to be in a range of CAD 62 million to CAD 66 million. Net debt expected to be CAD 60 million to CAD 65 million. The company updated production guidance for the year 2014. For the year, the company expects average production of 7,750 boe/d to 8,250 boe/d against as previously expected 7,900 boe/d to 8,000 boe/d. The company updated production guidance for the year 2014. For the year, the company expects cash flow to be in a range of CAD 58 million to CAD 60 million against as previously expected to be between CAD 54 million to CAD 56 million. Net debt surplus is expected to be CAD 8 million.

Chinook Energy Inc. Revises Earnings and Production Guidance for the Full Year of 2014 and Provides Earnings and Production Guidance for the Full Year of 2015

Chinook Energy Inc. revised earnings and production guidance for the full year of 2014 and provided earnings and production guidance for the full year of 2015. For the full year of 2014, the company revises average production of 7,900-8,000 boe/d compared to 7,750-8,250 boe/d for the previous guidance a year ago. Exit production was 9,100-9,400 boe/d. Cash flow was $54-$56 million compared to $58-$60 million for the previous guidance a year ago. Capital expenditures were $93 million compared to $81 million for the previous guidance a year ago. Surplus was $8 million. For the full year of 2015, the company provided average production of 10,500-11,500 boe/d. Exit production was 13,250-13,750 boe/d. Cash flow was $62-$66 million. Capital expenditures were $135 million. Net debt was $60-$65 million.

 

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