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Bullboard - Stock Discussion Forum 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... see more

TSX:CR - Post Discussion

Crew Energy Inc > Fewer permits in the Marcellus
View:
Post by Oldnagger on May 30, 2023 8:18am

Fewer permits in the Marcellus

It seems a lot of the nat gas drilling and fracking reductions will be in the Marcellus region. This is significant because the wells there are major producers

New shale permits issued for May 15-21 in the Marcellus/Utica took a substantial hit. There were only 12 new permits issued, down by more than half from the 26 new permits issued the previous week. Last week’s tally included 10 new permits for Pennsylvania, 2 new permits for Ohio, and no new permits in West Virginia. Last week the top receiver of new permits was a tie–Coterra Energy and Chesapeake Energy each received 3 new permits, with Coterra’s permits issued in Susquehanna County, PA, and Chessy’s permits in Bradford County, PA. Range Resources and Olympus Energy each received 2 new permits, and Southwestern Energy and EOG Resources each received 1 new permit.
Comment by gonatgasgo on May 30, 2023 11:57am
How do I know this stock is about to rebound?  Simple.  I am about to capitulate.  My return is in excess of 1000%...but it could have been better.  As soon as I dump my shares, the stock will rebound. Good luck everybody.
Comment by Oldnagger on May 30, 2023 12:43pm
I can feel your frustration. It has been more than a year of Crew going sideways. Yet many good things have happened to Crew during that period. Those good things have not been reflected in the share price.  I for one am sticking it out. The reason is due diligence. I have learned to do due diligence not only before I buy but also before I sell.  I am not so presumptuous as to tell ...more  
Comment by PonyBoyOutsider on May 30, 2023 9:11pm
GoNat, i am feeling so the same you have no idea! I keep focusing on LNG Canada and I am suspecting there will be a narrative this fall (with a hopefully well timed cold snap) of "Europe in Crisis" every Quarter here on in should reduce debt till it's gone  Landscape has to get better! It has to.........I have big plans! hope you stay in, at least a bit, I really enjoy your ...more  
Comment by Oldnagger on May 31, 2023 1:16pm
C'mon guys , too funny !! Crew has a P/E of 2.5  You should switch to Nvidia with a P/E of 198 !!
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