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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

Post by mrmomoon Dec 11, 2023 12:30pm
205 Views
Post# 35778042

Back in.......Cr getting cheap!

Back in.......Cr getting cheap!ONCE more...........

Started a small position here.........once again. Haven't been in this one since dumping it over 2 years ago.......at a 7 fold profit. But i'm here omce more, because i believe CR is somewhat cheap at this level and that $2 & change NG prices at HH are NOT sustainable .....globally. Also, Crew will find itself in the same position as Birchcliff after Q1 of 2024. Pondering what to do next to survive these low NG prices environment and the ability to raise captial at decent terms in order to compete with peera & the market in general. And they will come upon the same dismal answers, truth as Birchcliff unfortunatetly is finding out the hard way...................sellout, merge or risk disappearing

GLTA

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