2Q18 was quiet for Chinook, with financial and operating results largely in line with consensus expectations. Volumes during the quarter were negatively impacted by maintenance issues on Enbridge’s Oak 16” gathering line, resulting in 3rd party capacity constraints. If not for this restriction, 2Q18 volumes are estimated to have been 20% higher (~5,300 boe/d), in line with GMPFE’s prior forecast of 5,025 boe/d.
10 Aug 2018
Reports 2Q18 results
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Reports 2Q18 results
CHINOOK ENERGY (CKE:TSE) | 0 0 -5.0% | Mkt Cap: 44.7m
- Published:
10 Aug 2018 -
Author:
Robert Fitzmartyn -
Pages:
6
2Q18 was quiet for Chinook, with financial and operating results largely in line with consensus expectations. Volumes during the quarter were negatively impacted by maintenance issues on Enbridge’s Oak 16” gathering line, resulting in 3rd party capacity constraints. If not for this restriction, 2Q18 volumes are estimated to have been 20% higher (~5,300 boe/d), in line with GMPFE’s prior forecast of 5,025 boe/d.