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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 > Lets get gassy
View:
Post by Oldnagger on Feb 06, 2024 8:14pm

Lets get gassy

Groundbirch is the part of Crew's landholdings that contains mostly natural gas which is composed of primarily methanes and ethanes and a small percentage of other liquids.
Crew has identified 722 potential drilling locations in the Area. Results for the first eight wells are shown on page 18 of the presentation. A little math shows that wells which have a curve demonstrating over 12 bcf of nat gas recovery per well leads to a cost of CD 0.83 per kscf Now , contrast that to the fact most North American dry gas wells cost out over USD 2.00 per kscf.. In fact there are at most 10,000 drilling locations in all of N.A that can be developped at less than USD 2.00
Now consider that in less than a year from now the Kitimat LNG project should be up and running.

Now , could someone please remind me again how stupid I am to remain invested in Crew !!
Comment by Potadvisor1 on Feb 06, 2024 8:31pm
No matter what and how you say it oldnagger, the share price has FALLEN 40% in the last 6 months.  If everything was as rosy as you point out and the NG price DIDN'T MATTER, would CR have lost 40%  and have the lowest share price in about 2 years ??? You knew, that the shares have had an unrealistic run up with the gas price commiong down. Since the stock and the sector turned over ...more  
Comment by Oldnagger on Feb 06, 2024 8:57pm
To indulge you once again, I have long since the first day I laid my eyeballs on Crew had an evaluation far above what anyone here would consider reasonable. I have not been disappointed as time progresses and Crew unveils itself . In fact , I believe that Crew is my best decision ever in spite of the fact that I possess a beagles nose for sniffing out value. I do not need to be here , but I am ...more  
Comment by Momo25 on Feb 06, 2024 9:08pm
Why bothering people? If you own CR stock, then you should be supportive or you should sell your own stock instead of giving advise to people. You don't like CR, so be it, just get rid of that stock and leave in peace. No one asked you for advise. You are trying to discourage people so they sell and you can buy and make few bucks. The NG is not that mportant as much as Light Oil. If light oil ...more  
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