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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 BeatTheOddsSquaon Aug 17, 2020 9:55pm
166 Views
Post# 31420884

RE:RE:Sell in 2023?

RE:RE:Sell in 2023?Thanks Cheadle. I wasn't aware of the Kelt situation and I appreciate the insight.

From the seller's perspective, Crew is currently negotiating from a position of strength but they have to be careful. As 2023 approaches and the big players have taken all of the Coastal GasLink pipeline capacity, Crew as a smaller player may not be invited to the party.

In addition each passing year brings their debt horizon closer. If they wait to complete a deal in 2023 and they are still carrying their debt, their negotiating position perhaps changes from one of strength to a perceived position of weakness (Kelt, Pony). Not much fun for the seller.

Luckily we don't have to worry about any of this. Crew's management and directors are being paid the big bucks to make sure everything is done right and in the best interest of the shareholders.

I have dominated this board for the past week or so and I appreciate all of the input. I hold a sizeable position in Crew now and feel comfortable with my due diligence thanks to the stockhouse members. GLTA and I will check back in with any meaningful info should I become privy to it.
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