Post by
BeatTheOddsSqua on Dec 18, 2020 12:50pm
No Insider Buying Since November 17, 2020
Hmmmm. Are they blacked out because of 9-5 7 well pad results? Or something else?
Comment by
gonatgasgo on Dec 18, 2020 12:56pm
I would think they would have been blackout for the 3 week period ending Dec. 10, the date they announced their 2 year plan. Other than that, they should be ok to trade.
Comment by
BeatTheOddsSqua on Dec 18, 2020 1:06pm
The expected initial production from the 7 well pad at 9-5 would represent a 30 - 40% production increase which I would consider "material" information. You can't have insiders trading with that kind of information if us shareholders don't have it. I am hoping that there is perhaps something else that Crew is also working on.
Comment by
gonatgasgo on Dec 18, 2020 1:33pm
They already communicated that they were working on these wells and they would be producing around the end of December. They already have given us their boe/d targets for 2021. There is nothing not public.
Comment by
BeatTheOddsSqua on Dec 18, 2020 1:36pm
Gonatgo, what rate is the 9-5 pad producing at? If that has been announced, I must have missed it.
Comment by
gonatgasgo on Dec 18, 2020 1:40pm
Maybe you are right, but I do not think it is important. What is key is that 2021 production will be between 26k and 28k and they will end the year at around 30k.