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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 Momo25on Jul 08, 2024 1:19am
66 Views
Post# 36122259

RE:RE:Acquisition

RE:RE:Acquisition
You mentioned 150%-250% premium becaus you base your maths on current share price. the share was at $6,4 8 months ago. It is clearly undervalued because since that time crew increased the production  of condensate and light crude oil from 3000 to 7,000 bbls per day. This is where the money is not in NGL. Moreover, BC Energy regulator has granted CR 85 well authorization in the groundbirch area. The debt is almost nothing. So, if your price baseline was put at $6.4 as it was before the declining  of the SP, which is a pure speculation because the market wants to force for either a dividend or for a take over at the cheapest price possible, then you can see the premium is about 100%. This is my reading of the numbers. I am not dreaming.
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