RE:RE:RE:RE:RE:RE:RE:RE:All my orders filled down to .90Great post Pony Boy, Outsiders was one of my daughters favorite novels. I was a little bored waiting on Q1 from Crew and others, so I was killing time watching trading patterns.
Crew is like the old prize fighter who is down for the count ($0.16 share) and by some miracle has woobled to his feet again. I am cheering for this ticker now as they finally appear to understand their asset, their facilities, their drilling and completion techniques and their debt.
Ask yorself, who in their right mind would go out and drill 25+ wells with $350 million in debt? Well Dale and the gang did, so there must be something going on behind the scenes because industry analysts would call a move like that just plain crazy.
Q1 numbers will be good, the additional production they bring on in Q2 will be very good and they have lots of drilled uncompleted wells (DUCs) now that they can bring onstream as needed to maintain production above 30,000 BOE/day.
An amazing recovery for Crew from being on the verge of bankruptcy to becoming one of the best positioned companies on the Montney Trend.