RE:RE:RE:okay - $CR.TO Breaks $4.$8 is not unrealistic.
In 2.5 years from now, Crew could be producing 40,000 boe/d and be debt free (if they choose to be). Net debt could go down by $150M this year alone.
Right now EV=$1B
AFF=$250M. Guidance is $200M, but it is based on $4 nat gas and $65 Condensate.
EV/AFF = 4
In 2.5 years from now Debt = $0
AFF could easily be over $300M (interest cost alone would be down $25M). This is very coservative
Assuming EV/AFF = 4, that gives a stock price of $8.
Cheadle12 wrote: gonat, rest assured, Crew is heading into $8-12 territory..
it's only 3x26% moves away from that range.. and given how these other juniors have acted, Crew will torque up quickly as big volumes now buy in..
a solid Q4/2021 & a solid Q1 (which it will be, will be a beat).. and we will be on our way..
~The Great Cheadle.
gonatgasgo wrote: We did it, but there is more room to go. I remember these conversations and my promise to call you "The Great Cheadle" at $2 when the stock price was well below $1, and maybe even below $0.50.
Let's hope for a good earnings report tomorrow so Crew can recapture the $4.00.
Cheadle12 wrote: I think my original call (when Crew was $.40c) was that by 2023 Crew would be a $4+ stock.
Gonatgasgo, you remember this. I think some idots on SH even trolled me and called my a pumper..
..not at all, I just recognize exceptional value when I see, protected by good mgmt, solid governance and a rising market for these products - hydrocarbons..
Crew checks all the boxes.
Congrats all Crew Longs. take a moment to be grateful...
.. . we did it.
~The Great Cheadle.