RE:RE:RE:2022 We hear about the majors not looking to grow but rather pay down the debt. Good for them.
However, I prefer Crew's strategy. Drill, get your money back in 9-10 months. Make sure you hedge a significant part of the gas/condensate to protect yourself. Obviously, after 9-10 months these wells are still producing. Repeat in 9-10 months. 1-1.5 years before the debt repayment date, keep some capital to pay down the debt maybe in half.
Nobody will want to buy Crew because of their debt these days.
TouchDown12 wrote: Just to add - i am long CR because i think they have a handle on what i just shared. GLTA TD12