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 > Q4 results

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Comment by gonatgasgoon Mar 08, 2022 7:07am

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Post# 34493984

RE:Q4 results

What I am looking for in tonight's earnings report.

1- Debt. Likely $390+M since they decided to drill more in December. Clearly it was the right decision. At some point, they will have to start reducing it. I think it should be lower than $350M after the Q1 report

2- Production. Are they still staying with 31-33k boe/d? There are more wells coming to production later this month, I believe. It would be nice if the guidance could be increased by 1-2k boe/d.

3- 2023 Hedges. If they bought some hedges, it would likely be in the low $3s. I hope they did not buy anything.