Crew Energy Inc T.CR

Crew & Kelt need to merge.

[Cheadle12]

Crew pay down their debt to $300M using second Infra proceeds install.

Right off the hop the company would be a 40,000 bpd producer with only $300M debt & $75M in the bank ready to put to work in Natural Gas/NGL growth.

Check mate.  Tell me that's not a $4-8 stock & a $20 stock in 2024.

[TheGambler888]

crew idoit cough cough

[Luckyeleven]

So how the heck do  you get a 4-8 stock when KEL alone with no debt and 75m cash is 1.71. Numbers don't add up. Double the share count as well so imo you would maybe have 1-1.25 stock.

[Cheadle12]

The problem (as I understand it from industry) is Kelt's now anemic production and the reduction of lands & reserves in the BC Montney.   A merged entity brings both production, a very low D/CF ratio and plenty of lands for 2024+ LNG possibilities.

[gonatgasgo]

Crew is much stronger on its own. No need for Kelt. Kelt now has a strong balance sheet but poor assets and production.  With the new wells  in production, Boe/d should go up to 26,000+ and finally start generating free cash flows.  Up until now, Crew AFF were needed to pay exploration cost and interest on the debt.  In 6 months, they should have more than $25 Million of FCF

[Seppelt]

I also own Kelt. It has about 8,000 boe/d behind the pipe, 11 liquids rich wells (5 at Wembly, 6 at Oak) drilled and some already completed and tested. It doesn’t need any mergers and Crew can do better than 50 cents or whatever small premiums are paid these days. Crew can still hang on for a couple of years but it has to be proactive. It missed the chance to sell Lloydminster and it has too many

[Luckyeleven]

Their guidance for 2021 doesn't show anywhere near 26k.