RE:RE:RE:RE:Let's not kid ourselvesWith the asset base pruned down, and development at the remaining Groundbirch & Septimus, it's a $4 stock organically.. $6-7 with a buy out for sure.
I think they could get there early, but they need to sell off some assets.
integrity11 wrote: I agree totally with your post Mr Cheadle except one number. Dale and his team would not take $1.80. I think anything under a $2 is a non starter unless of course it is a hostile takeover by Cnq which would likely be close to your $1.80.
I think because of the relatively small share float we would be looking at double the current share price for any takeover other than by Cnq (who definitely will want Groundbirch/Septimus due to their Groundbirch acreage and production) (great fit for Cnq).
i have always believed Crew just needs the Big Block of Groundbirch and Septimus. This block is large enough for the present and the future. I do think we need to get fair value for others which I think easily eats >$100 million of debt.
It may not seem
lkke it now but I believe our asset base far exceeds the AAV asset base (someone mentioned AAV).