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 > everyday in the past 2 weeks

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Comment by gonatgasgoon Feb 02, 2023 7:05am

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Post# 35261559

RE:RE:RE:everyday in the past 2 weeks

Trivia question, why is Crew down so much more than other oil & gas names ytd? Select all that apply.

a) Crew has been one of the best performers in 2021 AND 2022. People are selling their winners.

b) No dividends

c) Trudeau and Biden are winning the energy transition war

d) $150M of debt is still too much debt

e) EV/AFF of 4 is too high

f) 4-year plan

g) lower 2023 production than 2022 figures

h) people unaware of the 2023 hedges

i) Nuttall killed all the nat gas names last Friday

robbyrob wrote:
BobbyBoy wrote: 10% drop in the last week was the final straw. I still hold a fair position, but will stick with my thougt that the market absolutely hated the new 4 year plan. Sometimes you need a plan that placates shareholders even though it may not be the perfect plan. The natives are restless...

The entire sector is down so I don't think it was strictly the 4 year plan.

I have a small position in crew and a massive position in Birchcliff which is down just as much or even more.

I'm going to hold and hope for brighter days ahead. Capex should slow down or stop across the sector due to the low prices which should lower supply.

Also, Europe won't be able to refill their NG this year like they did last year if the Russian war continues as nordstream flows or perhaps all Russian flows have stopped. So, they will need other sources including U.S. LNG which Canadian gas feeds into since our politicians won't allow us to export it ourselves.