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Crew Energy Inc T.CR

Alternate Symbol(s):  CWEGF

Crew Energy Inc. is a Canada-based natural gas company. The Company’s operations are focused primarily in the Montney in Northeast British Columbia (NEBC). It has primarily been focused on continued Montney development of its liquid’s rich natural gas area at Septimus / West Septimus (Greater Septimus), and its light oil weighted asset at Tower, British Columbia. Its Montney area assets include Septimus / West Septimus, Tower, Groundbirch, Attachie, Oak/Flatrock and Portage and are situated in northeast British Columbia. Its operations include liquid-rich natural gas and light oil production from the siltstone Montney formation. At up to 300 meters thick, the Montney is developed with long-reach horizontal wells, completed with water-based fracture stimulations. It holds a land base of over 264,000 net acres, out of which approximately 225,000 net undeveloped acres in the Montney with condensate, light oil, liquids-rich natural gas and dry gas.


TSX:CR - Post by User

Comment by Luckyelevenon Aug 17, 2020 7:33pm
106 Views
Post# 31420411

RE:RE:RE:RE:RE:RE:RE:Crew has Nat Gas Hedged over $3 Cdn in Chicago

RE:RE:RE:RE:RE:RE:RE:Crew has Nat Gas Hedged over $3 Cdn in ChicagoI posted that last week as some were calling for a 20% increase in production yet the company says production will be flat. Don't see how they will deal with 340 million dollar debt with that kind of production guidance, hence the share price. We all understand debt is not due but so what it still has to be dealt with and that's a lot of money for a small cap. Saying that I still believe there is value here but they will have to sell some land for sure as NG would have to rocket way past 5 bucks in order for them to get that debt down. Paying down 10 million a year or so does nothing for us sharelholders. I am maybe expecting the share price to double or if really lucky get a 3 bagger but those calling for way higher priices through a sale or the company making enough money to justify such lofthy expectations like a  5 or 10 bagger  will be disappointed. Obviously with the hedging in place they will not realize huge pricing so maybe someone can explain how we get to 2 bucks or more? 
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