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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

Comment by downwithdotcom1on Aug 06, 2021 12:19pm
312 Views
Post# 33663620

RE:RE:RE:RE:RE:RE:RE:Punished for no asset sales / no debt reduction.

RE:RE:RE:RE:RE:RE:RE:Punished for no asset sales / no debt reduction.i remember this ..simple, lands were sold conditionally but then deal fell apart as the buyer's financing fell thru..i've always been a supporter of them KEEPING their heavy oil assets as its served them well on a number of occasions with much better netbacks - relatively low cost for sustained maintenance .choose when to increase production or not without damaging the well bores . BUT, if they can get a decent price i'd rather see it sold when WCS is near $60 than when it was much lower...another idea , ENB's pipeline shortages are substantial right now - the new replaced LINE 3 is expected to be in service in Q4 which will increase flowage 2 fold and then some which will hopefully decrease WCS discounting as its been widening once again...dwdc
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