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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 robert41on Dec 10, 2022 6:50pm
170 Views
Post# 35164190

RE:RE:RE:RE:RE:RE:Well Gonatgasgo

RE:RE:RE:RE:RE:RE:Well Gonatgasgo Lots of good contributors here... my simple view is buybacks should be the last thing a company does so I'm glad crew is not doing them. The gas and oil markets are too volatile, pay down debt if it's a problem and grow production but not to the point of saturation of the market. Buy back shares during tough times because your debt levels are low or zero and share prices are lower. Buying back shares does very little always debt first... I'm ok with dividends at some point if you are debt free or close. BIR case in point paid of debt first did buy back some shares which basically kept the float from getting bigger from gifted options and now instituting a sustainable divi and positive cash flow even if gas is 3 bucks. I like the CR and BIR plans they are different but I like the. I own AAV and PEY too, pey for the divi and it's concervative probably too conservative I wish they had focused on debt over the divi. AAV Is interesting very complicated with entropy but should be a game changer. If gas hovers 6 to 7 and oil north of 70. We should see excellent returns on all our Canadian O and G companies.
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