Last C$2.21 CAD
Change Today -0.07 / -3.07%
Volume 192.8K
CKE On Other Exchanges
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As of 4:00 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

chinook energy inc (CKE) Snapshot

Open
C$2.21
Previous Close
C$2.28
Day High
C$2.26
Day Low
C$2.17
52 Week High
06/16/14 - C$2.85
52 Week Low
11/26/13 - C$0.80
Market Cap
473.4M
Average Volume 10 Days
1.9M
EPS TTM
C$-0.02
Shares Outstanding
214.2M
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 natural gas, crude oil, and natural gas liquids in Canada and Tunisia. The company operates through Canada and Tunisia segments. 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. The company also holds interests in Cosmos and Yasmin concessions located in the Gulf of Hammamet; and onshore properties located on the Sud Remada, Bir Ben Tartar, Adam, Borj El Khadra, and Jenein Blocks in the Ghadames Basin. 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 Jason Dranchuk as Vice President, Finance and Chief Financial Officer Effective July 14, 2014

Chinook Energy Inc. announced the appointment of Jason Dranchuk as Vice President, Finance and Chief Financial Officer of Chinook effective July 14, 2014. Since 2010, Mr. Dranchuk was the Vice President, Finance and Chief Financial Officer of Zargon Oil & Gas Ltd. From 2002 to 2010, Mr. Dranchuk held the Vice President, Finance and Controller positions with Zargon. Prior thereto, Mr. Dranchuk was Corporate Controller of two oil and gas service companies and also worked at a public accounting firm.

Chinook Energy Inc. Provides Operational Update on its 3Birley/Umbach Property

Chinook Energy Inc. has provided the operational update on its Birley/Umbach property. During the first quarter of 2014, Chinook drilled its first horizontal Montney well in the Birley/Umbach area at a-60-K/94-H-3 (75% working interest). The well was drilled to a total measured depth of 2,700 metres with a 1,220 metre lateral section and was completed with an 18 stage nitrified slickwater fracture (65 tonnes per stage) stimulation. The well was flow tested for a period of 154 hours with the final 54 hours of the flow test through production tubing. The final test rates of the well were 1,336 barrels of oil equivalent per day consisting of 5.94 million cubic feet per day of natural gas and 344 barrels of condensate per day (49 degree API) at 2,700 KPa flowing tubing pressure. The well was brought on production on April 10, 2014 and produced at a restricted rate for 616 hours during the first 30 days of production. The well produced at an average rate of approximately 785 barrels of oil equivalent per day, consisting of 3.89 million cubic feet per day of natural gas and 135 barrels of free condensate per day. These rates do not include additional natural gas liquids recovered at third party processing facilities which are estimated to be approximately 22 barrels of natural gas liquids per million cubic feet of natural gas. Production was restricted due to limited capacity at Chinook's operated compressor and third party downstream facilities, with FTP of over 7,000 KPa for the entire 30 day production period. Additional production history is required to better estimate production rates and ultimate recoveries. Chinook now has a total of 54 gross (45 net) sections of contiguous Montney lands, including 19 gross (19 net) sections acquired at the British Columbia Crown land sale on May 21, 2014, and has budgeted a second location in the third quarter which will assist Chinook in planning its 2014/15 winter drilling program.

Chinook Energy Inc. Announces Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2014; Revises Earnings and Production Guidance for 2014

Chinook Energy Inc. reported consolidated earnings and operating results for the first quarter ended March 31, 2014. For the quarter, the company reported net income was CAD 6.1 million or CAD 0.03 basic and diluted earnings per share compared to a net income of CAD 4.5 million or CAD 0.02 basic and diluted earnings per share in the first quarter of 2013. Petroleum & natural gas revenues, net of royalties were CAD 54,545,000 compared to CAD 37,740,000 for the same period last year. Capital expenditures were CAD 40,391,000 compared to CAD 25,046,000 for the same period last year. Cash flow was CAD 28,449,000 compared to CAD 21,518,000 for the same period last year. Net debt at March 31, 2014 was CAD 74,390,000 compared to CAD 64,440,000 at March 31, 2013. The company production in the first quarter of 2014 averaged 9,761 boe per day, down 10% from the same period in 2013 and up 1% from the fourth quarter of 2013. Despite the decrease in volumes, consolidated revenue was up 44% from the first quarter of 2013 as a result of increased commodity prices and a continued devaluation of the Canadian dollar. The company revises operating and earnings guidance for 2014. The company’s revises production for 2014 was at 9,600-10,380 barrels of oil equivalent per day compared to 9,500-10,250 barrels of oil equivalent per day announced in original guidance. Cash flow for 2014 is revised to be CAD 95 million to CAD 105 million compared to CAD 82 million to CAD 90 million announced in original guidance. Year-end net debt is expected to be CAD 65 million to CAD 70 million compared to CAD 60 million announced in original guidance. Capital expenditure is expected to be CAD 95 million to CAD 105 million compared to CAD 85 million announced in original guidance.

 

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