RE:Question for Retiredengexec about Crew EnergyCrew is the dark horse MOntney player. They have been hit hard due to high debt levels. Over the past year or so they have divested a lot of properties and are now concentrsted on the Montney with exception of about 2,000 bblpd of heavy oil.
They are located near Fort St John where the montney is very shallow. Thus they have excellent permiability and productioon. Thus they will recover more reserves per well. well costs are about $4million and they produce from the upper Montney. Their recycle ratios are excellent. Their opex is half of VII. They are trading about 1.4 times cashflow.
All in all they could be a two to three bagger, but for you should make monke for short term flips in BTFD.
Thanks for brining this to my attention.
PS: They actually make money....
PPS: Debt is about 3.25 cashflow.