RE:RE:RE:RE:Back in.......Cr getting cheap!gonatgasgo wrote:
"However, I am still convinced that Dale wants a double digit stock price, and maybe closer to $20 than $10. But that's what he has in mind (I do not know anything that others do not know, just reading between the lines of prior presentations)."
Well......IF that's his intentions and he's THAT out-of-touch with reality and THAT arrogant, then you guys are in deep trouble. More than what i thought. Because THAT will NEVER happen unless NG prices go well abocve $5 again.........maybe even $6 or $7......to be more realistic. And definitetly NOT witout any sort of M&A being involved. I don't know the man personally, never met him or talked to him BUT what i do know for 20 years of following this company, and since he's been the CEo, what he's been doing & saying over that period, i don't think you're far off the mark and neither am i.
If he really beleives this, in this current environment then he's more delusional than most Canadian O&G Ceo's. And that's the "main" problem the Canadian oil patch has, why it's stuck on neutral, in a tar pit not moving forward & progressing like their American counterparts. Still too fragmented, with too many insignificant players like Crew, with these mule headed Ceo's who are totally lost and just taking up valuable space & resources.
"We all know the stock will never approach $20."
NEVER gonna happen unless, what i stated above plays out like i said. I told you guys over a year ago when NG prices were a lot higher, when Pumping Pirates like The Great Cheadle & many others were professing like the 10 commandments that CREW should be $20+.......and i said absolutely NOT it was fairly valued at the the time and the best you could get was about ~$10 in a "pontetial" buyout. And as per usual, the pumpers, dreamers & hopium abusers were totally off, totally wrong and i was 100% correct.
Now....things have changed even more since that time and even $10 bucks is out of reach for Crew, due to several factors like the large drop in NG prices and the hostile environment of operating in Canada along with the dismal prospects for heavily weighted, small NG porducers with limited options. At best, the bets you can hope for here is ~$1B buyout which would give the top end of the 52 week trading range. Which is still not that bad considering the current environment for these comapnies. And the MAIN reason WHY i bought back in............
O hope these commmets help clarify my message to you...........
GLTA