Crew Energy Inc T.CR

Well Gonatgasgo

[BigJake]

The answer to your question on Crew's future plans has been answered, drill baby drill, if the US doesn't squash gas prices again and we can take advantage of LNG opening up this could be good, but a few things definitely have to go our way. Time will tell, good luck to all long CREW!

[gonatgasgo]

I hope the market will react positively to the 4-year plan, but who knows. Production will essentially double in 4 years from now, but production will not increase much over the next 2 years.  This is great for long term investors, but I just hope current shareholders have the patience and not running for the exit.      

[upinmuskoka1]

Although I will not be running for the exits I will be planning to exit CREW sooner than I anticipated or had hoped. Four years is a long time and like we all know here nothing is a sure thing in the stock market especially the energy sector. I guess Dale never got the memo about rewarding shareholders with share buy backs and or dividends. Personally I feel this four year plan does make CREW a

[gonatgasgo]

My summary with some observations. Debt to EBITDA is at 0.5x.  They want to keep it below 1.0x so they may increase the debt back to $300M or more (my interpretation) but they do not give a target other than 1.0x EBITDA. They will not refinance the long term debt, but rather use the line of credit (my interpretation; not clearly stated). Capex over the next 4 years:  $1.4B - 1.5B

[Cheadle12]

Nice summary Gonat. A few points to consider: Though 2023 production is still in the 30-23kboepd range, not all production is created equal.  Given the 6 new light Oil wells at tower, Crew's light oil production (at Tower) increases to 3% of their overall production Mix.  Why is this significant?   Because a) The cash flow is very good for this product mix (light Oil)

[Oldnagger]

It sounds like Crew will be making a lot of PDNP (Proved Drilled Non Producing)  We won't find out about it till the reserves report in 2024. So a lot of faith will be required, Meantime be prepared for potential share price weakness as only long term investors (or takeover speculators) will maintain interest !!

[sportstermathew]

This news release is only one factor regarding CR. It proves they are very solid and going to grow.  Maybe they are underselling and with BC issues a concern can't input much of this yet. I like the main paragraph as follows: Crew’s Four-Year Plan is designed to build on the momentum gained over the last two years, underpinned by a planned active hedging program and continued focus on

[BobbyBoy]

I am long on Crew for the LNG Canada story etc. However, they should have included some short term candy for an investor base that was tormented for many years prior to this recent run. Loads of investors do not want to wait another 3 years to get paid! This is why the stock is being severly punished today. 

[robert41]

They did give short term candy in my opinion it's the opportunity to buy more I did... there float is low that doesn't need to be addressed their debt is low could be lower but no big deal no divi I'm good with that for now.. they are really positioning themselves to be bought out down the road or be a massive cash machine. The markets are short term thinking today and that's ok

[robert41]

One order of 100,000 shares bid at $5.60 let's see if a seller hits hit..

[johnphock]

My gut feeling last night and this morning was to sell.  That gut feeling has always proven to be wrong.  Have to do the opposite lol

[gonatgasgo]

I took another look at the press release and I feel a lot more confortable than when I first read it Thursday night.  Essentially, what they are doing (but cannot say in case the price of oil and gas comes down quite a bit) is they will use their annual AFF to fully invest in capex.  No free cash flow but they will not over spend either. At first, I thought they were going to increase

[TouchDown12]

Hi GNGG... I always find value in your posts. Thanks for your effort. Like all you long's on this BB, I was a little surprised by the PR Thursday night. I felt a little cheated at first in the the ROC sense. We all took a lot of risk buying the dip on CR in Spring '20; and although we have seen tremendous Capital Gains; I think i may have misplaced this expectation on CR since SDE and BIR

[robert41]

Lots of good contributors here... my simple view is buybacks should be the last thing a company does so I'm glad crew is not doing them. The gas and oil markets are too volatile, pay down debt if it's a problem and grow production but not to the point of saturation of the market. Buy back shares during tough times because your debt levels are low or zero and share prices are lower. Buying