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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 Indicatoron Apr 15, 2024 1:31pm
117 Views
Post# 35989741

RE:I am running out of patience

RE:I am running out of patienceBuying after the pandemic (2020) crash was a lot of fun, a great time to get in and not something easily repeatable. If you're looking for that kind of action again, good luck fnding today.

On the plus side, we seem to be entering an era of a stagflation which is *usually very good for hard assets.  I am no longer daytrading but am swinging the breakouts and support/resitance levels when/if they show up.  My expectations are tempered and modest as commodities always have lots of moving parts.

Short term, NatGas looks oversold.  On Crew I am looking for support at mid RSI of 50 on dailiy chart which may bounce (fingers crossed).  If not, then this little breakout hasn't held yet and we can expect more churn. 

In short, NatGas and Crew and sputtering  markets will likely require lots of patience.  

You might as well go spend some of that dough on some toys and be happy you have more than emough to pay the tax man.  Life is short!

Cheers!





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