RE:RE:I just got a downgrade alert from $7 to $5 My thoughts are, optimistic posts from fellas like myself, or OldNagger, help remind us all that, regardless of all the noise, (and there is much substantial noise to sift through), Crew has an unbelievable land package that aligns so perfectly with LNG Canada takeaway, that, regardless the persistent negative things we absorb (downgrades/ ESG pressures/etc.) there is a very much deerving reminder of a prolific NAV that, whether the immediate market shows value in it or not, is there.
Will it eventually achieve a market valuation that resembles its true intrinsic value (or close to it?) one can only assume that it eventually will. Of course, the generalist investor must have patience and a longer term view that seldom few in the space have.
The commodity cycle exists, and it's associated volitility for one reason in my opinion, and that is to make people (not us retail investors btw) money!
If Crew is set on Growth, regardless of recent commodity price weakness, then the retail community will not receive the information well because, let's face it, "we want our money now".
But the investors that matter, the institutionals and the likes of Rafi who's still buying on the dip, will, with the long viewpoint, will do well.
the question is: how much of this can each of us stomach? My bet is we are getting pretty close to a sector re rate, LNG Canada coming on line is a big push to stabilizing price on gas leaving the Montney. Just wait, if the FID of the Group approves Trains 3 &4 (Phase 2) then lookout!!!
Dale and team are just trying to unlock the value of their land package, Groundbirch plant will likely go ahead in my opinion, NG price will progressively improve, and, a suitor will come by and take us over, and we will get paid.
im going to do what Dales doing - not selling shares. Going to watch smart people like Rafi buying. Am going to keep filtering the noise, and not going to let fear guide me through the market.
OldNagger is spot on - the fundamentals will catch up with us, when the big players have filled their pockets with easy shares of the sector, it will re-rate. I have no doubt of it
GLTA Crew LONGS
PonyBoy Outsider