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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

Post by Luckyelevenon Dec 27, 2020 11:06pm
184 Views
Post# 32186347

NG pricing craters....

NG pricing craters....and if this continues for a few years like it has except for the odd spike this sector is uninvestible unless you are playing it seasonally. Companies with heavy debt loads will never be able to pay back any subtiantial amounts and this is with rates somewhat manageable. Basically at current prices they are keeping the doors open and only executives and management teams benefit while the shareholders hope and pray for better times. Just too much production nowaedays and not enough sustainable cold weather to keep pricing up for a prolonged period of time. Not many will like this but CR and other NG producers may have seen their highs already this winter. 
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