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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 integrity11on May 18, 2024 3:36pm
123 Views
Post# 36047475

RE:These are the times

RE:These are the times

Cheadle nice to see your comments. I remember you being a poster on this board when Crew was around 20 to 30 cents in summer of 2020.
 

There have been great stories in the Canadian Energy scene since 2020 like CNQ, Tou, now SU, but imo Crew may be amongst the best opportunities amongst the Canadian Energy companies in the next year. No one can forecast where NG price will be in the next year, but I believe much higher than current . With The Shell led LNG close to completion and taking some gas soon, there should be a race to buy Crew. Will Dale agree to sell or will he wait for a hostile takeover offer which could result in a bidding war?

Fun times ahead. Sure we could see short term drops of 20 cents, but I can't see any sustained drop. A hot summer, retired coal plants and new LNG coming on stream in US and Canada soon should start reducing NG inventory in US in coming months.

i see the loyal and new CR shareholders enjoying nice success soon.

Nice to hear from you again Cheadle

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