Crew Energy Inc T.CR

Alternate Symbol(s): CWEGF

Energy Oil & Gas E&P

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.

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Crew Energy Inc > Crew Mgmt is lagging.

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Post by Cheadle12on May 26, 2021 8:05pm

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Post# 33273027

Crew Mgmt is lagging.

SRX (Storm) Market Cap: 416.5 M
CR (Crew) Market Cap: $181M.

This is the difference in Mgmt.. not assets.

Storm have quietly built up and out a nice asset base, and they are now ripe pickings for an acquisition.

Crew have a giant land base, but they can't even pay the bills let alone return money to shareholders.. any FCF in 2022Exit / 2023 will go towards debt repayment.

I'm saying this again, sell an asset. Clean up the balance sheet.. don't be greedy.

Bellatrix were greedy, Bonavista were greedy, Pengrowth were greedy and so on and so on. All of these are now gone, for pennies.

Kelt made the right move, many criticized them for selling off a prized asset.. but they became debt free and not only lived to fight another day, they're now in a position where they can grow without taking on debt (minor operating) and/or acquire production on the cheap if they so choose.