Impact: Neutral to slightly negative as the announced $13 mm 1H16e capital budget will likely cause modest downward revisions to our 2016e estimates, though negative sentiment should be somewhat offset by the positive affect to the balance sheet and subsequent debt metrics. The Company also announced an amended credit facility of $50 mm, down from $75 mm previously.
18 Dec 2015
CHINOOK ENERGY INC. (CKE) ANNOUNCES FIRST HALF 2016 CAPITAL PROGRAM AND AMENDED CREDIT FACILITY
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CHINOOK ENERGY INC. (CKE) ANNOUNCES FIRST HALF 2016 CAPITAL PROGRAM AND AMENDED CREDIT FACILITY
CHINOOK ENERGY (CKE:TSE) | 0 0 -5.0% | Mkt Cap: 44.7m
- Published:
18 Dec 2015 -
Author:
Robert Fitzmartyn -
Pages:
2
Impact: Neutral to slightly negative as the announced $13 mm 1H16e capital budget will likely cause modest downward revisions to our 2016e estimates, though negative sentiment should be somewhat offset by the positive affect to the balance sheet and subsequent debt metrics. The Company also announced an amended credit facility of $50 mm, down from $75 mm previously.