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Bullboard - Stock Discussion Forum Crew Energy Inc. T.CR

Alternate Symbol(s):  CWEGF

Crew Energy Inc. is an oil and gas exploration and production company that acquires and develops crude oil and natural gas. The company operates in the Western Canadian Sedimentary Basin. The company's core operating areas are in British Columbia, Saskatchewan, and Alberta. The majority of petroleum and natural gas sales are conducted in Canada.

The Market Herald Price Sensitive
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see these hedges that KELT booked???

absolutely AWESOME earnings potential going forward-surely CR will be booking similar hedges?? i copied  these hedges going from NOV22 into MAR23 see below... 10000 MMBtu/d  $ 10...read more
Buzz on the Bullboards: Weathering the Storm?
Sponsored by Now that we’re officially in the second half of 2022, analysts are warning that the rest of the year could prove to be challenging for the stock market. While the first half of the... read article.

Oil & Gas Co. Announces Closing of Viking Acquisition and Non-Brokered Private Placement

"With the closing of the Viking Acquisition, Saturn is firmly established as a sustainable developer of light oil in Canada," said John Jeffrey, CEO of Saturn. "We now have a total inventory of over 500 (gross) booked drilling locations in addition to an extensive list of optimization candidates in our existing portfolio of wells and facilities allowing Saturn the internal capabilities to organically grow production while also ...read more

Montney players, a comparison

Link taken from the PIPE board (thx VeritasVern) https://seekingalpha.com/article/4518971-screening-energy-stocks-from-the-montney-resource-play-canada-best-picks    rate and reply

Good news , a recession may be on its way

Crude demand will be hit about 4-5 times harder than nat gas production. That could mean a lot less byproduct nat gas. Crew with Groundbirch will be there to fill the void  rate and reply
@ the Bell: Major markets slip, fall & flatten as commodities drop on recession worries
Canada’s resource-heavy main stock index fell on Wednesday as weakness in oil and metal & mining prices weighed on commodity stocks amidst growing fear of a global recession.The energy sector... read article.

Green Status

Europe is seriously considering natural gas as being green. Would Canada feel obliged to follow suit ?? https://oilprice.com/Energy/Natural-Gas/EU-Considers-Controversial-Green-Status-Proposal-For...read more

Ouch!

When your sector is out of favour and you own one of the most volatile name in the sector, you get a drop of 40% in less than a month.  rate and reply

RE:July Corporate Presentation

From page 1 of the presentation , their distant tax horizon at 1.2 billion is greater than the enterprise value at 1.1 billion. Crew is ridiculously cheap !!  rate and reply

July Corporate Presentation

The July presentation is on their website.  From memory, I am not sure if there is anything different other than a couple of pages showing US natural gas inventories.  rate and reply

Commissioning of polypropylene plant

This is why our future looks so good, continuing investment will eventually bring our commodity prices to World Scale https://www.bnnbloomberg.ca/brookfield-owned-inter-pipeline-starts-production...read more
@ the Bell: Commodities drag TSX stocks lower as recession fears grip global markets
Canada’s main stocks index slid more than 1 per cent on Tuesday, following up a bigger market selloff as global recession worries came to the forefront, while energy stocks dipped along with oil... read article.

RE:Pine Cliff is debt free and a 6.5% dividend yield

Pine Cliff is a straight dry gas producer that is setup as a dividend machine. They target "older" fields but their decline rate is very low, Only thing with them is they have some very...read more

RE:Pine Cliff is debt free and a 6.5% dividend yield

Crew needs to pay off its debt.   This year?  Debt needs to be around $150M for the size of the company. Grow production to 40,000 boepd with that level of debt & it's an $8-10...read more

Pine Cliff is debt free and a 6.5% dividend yield

Pine Cliff is debt free.  Has a dividend yield of 6.5%.  The stock is up 126% ytd. Crew has >$300M debt.  Dividend yield of 0% and the stock is up 70% ytd. To be honest, I do not...read more

Stifel Nicolaus Trims Crew Energy Target Price to $7.50

Is it good news or bad news?  He still has a target of $7.50 https://www.marketbeat.com/instant-alerts/tse-cr-a-buy-or-sell-right-now-2022-07/ Stifel Nicolaus Trims Crew Energy (TSE:CR...read more

RE:RE:RE:Hedge Losses

Well Arx and 7 Gens managed to hedge condensate for around 36 months out, maybe their extremely low price warranted a special one time exemption   rate and reply

RE:RE:Hedge Losses

Thanks for sharing down.com. I think Dale said in a presentation that it is hard to hedge Condensate beyond 6 months.  I am ok if there is little hedged there. I am still looking forward for...read more

todays performance

Nice jump on the canadian market today. now lets see what happens with the american market opens tomorrow.would be nice to see another increase in price and natural gas prices move up instead of down.  rate and reply

RE:Hedge Losses

at least their C5+ hedges went up another $12 to $97 on 1k bbls/day as of july 1st and with only 25 % hedged till year end i suspect they will be rolling into new 2023 hedge positions soon. AT THESE...read more

RE:WCP / XTO

The fact that WCP was able to do this as an all debt deal is very positive, access to capital may be getting better for some companies at least  rate and reply

WCP / XTO

Scotia Bank compared the characterists of XTO to a number of small and mid cap stocks in the Montney. https://twitter.com/garquake/status/1542128216164503557/photo/2 Interesting.  Crew seems...read more

RE:RE:RE:RE:RE:The real problem

Particular attention should be paid to the paucity of tier 1 drilling sites remaining in the US shale basins, then contrast that to the huge number of drilling sites (over 3000 ) belonging to Crew...read more

RE:RE:RE:RE:The real problem

Hopefully, this will cheer you up. Have a great weekend !Q https://blog.gorozen.com/blog/running-out-of-spare-oil-capacity  rate and reply