Crew Energy Inc T.CR

Keep an eye on Arc Resources

[gonatgasgo]

On page 3 of their presentation, they say

"Net debt expected to be reduced to low end of target range of 1.0 to 1.5 times annualized funds from operations by year-end 2021"

[PonyBoyOutsider]

Question: Does anyone know how much acreage Crew has at Attachie? Just wondering if that piece were to be sold off what it might mean for the balance sheet if applied to debt. Thanks, PBO

[gonatgasgo]

Page 17 of the annual information form states Attachie, British Columbia The Attachie area is located approximately 59 kilometres west of Fort St. John in British Columbia. Crew’s operations target liquids-rich natural gas from the Montney formation. At December 31, 2020, the Corporation had no producing gas wells or oil wells in this area. Crew did not drill or complete any wells in the

[PonyBoyOutsider]

Thanks GoNatGasgo. That's almost the same acreage as Kicking Horse just sold, and I would think ours would be more valuable/acre on account of high liquids. Can you imagine the shape we'd be in if we threw 300M or more down on our debt! 

[barneyj44]

Maybe Whitecap will start kicking the tires on Crew , they seem to be on a buying spree and like the Montney.

[Beakr123]

That wouldnt make a ton of sense given Crew's location. Realistically I'd be looking at who else is close and looking to expand. Arc, Tourmaline (Maybe, they seem very picky about what fits their profile but they have drilled their Red Creek area which is close by) and unfortunately CNRL. What scares me is CNRL has never been a big spender in terms of exploration but they've been