Chinook reported 2Q19 financial and operational results that were largely in line, though can be summarized through the negative $1.7 mm in funds flow reported (CFPS -$0.01 vs. GMPFE -$0.01 vs. consensus $0.00). The corporation estimates total unbridled standing capability of ~4,000 boe/d, though current output is zero, as Chinook is further touched up by the Brookfield (Enbridge) McMahon plant outage, with 100% of its output offline since July 30th (to resume August 13th).
09 Aug 2019
2Q19 highlighted by negative FFO and covenant breach
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2Q19 highlighted by negative FFO and covenant breach
CHINOOK ENERGY (CKE:TSE) | 0 0 -5.0% | Mkt Cap: 44.7m
- Published:
09 Aug 2019 -
Author:
Robert Fitzmartyn -
Pages:
6
Chinook reported 2Q19 financial and operational results that were largely in line, though can be summarized through the negative $1.7 mm in funds flow reported (CFPS -$0.01 vs. GMPFE -$0.01 vs. consensus $0.00). The corporation estimates total unbridled standing capability of ~4,000 boe/d, though current output is zero, as Chinook is further touched up by the Brookfield (Enbridge) McMahon plant outage, with 100% of its output offline since July 30th (to resume August 13th).