Cheadle12 wrote: Remember Morningstar used to provide high ratings on Mutual funds, then the next year they were the dogs. Vice versa, they'd highlight low ratings on funds, then those would be the best performing funds over the next few years.
They have very little credibility.
Crew is a good company, has a fair runway of a few years to balance production growth with debt reduction and they have a lot of options. I was a fan of PONY, but I didn't like their debt maturities. I also liked(still like) Kelt, but they got into a tricky spot with the near term debt.. then look at the move they made - now debt free & can call the shots. Crew can and very likely will be in a similar situation to Kelt and if the market cap's (Kelt's Market cap = EV) get closer to on par, Crew will be a multi bagger stock from here.
No disrespect to Seppelt, but check his history, he's a partial troll.. typically posts doom and gloom, bear stuff. .but in the back end, he's probably shoveling Crew (and other good companies) into his pension that was massively dented from his large weightings in Bellatrix & Bonavista.
Another rule of thumb (that Seppelt has since learned) never follow Josef Schachter's top picks!
gonatgasgo wrote: Thanks for sharing Seppelt. When you read the document, it is pretty depressing. I am glad to see that the debt is not downgraded and the line of credit has not been reduced again.
This is a report that looks at the financial health of Crew as of September 30. It looks at the expenses that the firm has incurred so far this year. Unlike an equity research report, it does not look at the future growth and what this additional debt is for.
We all know that 2021 will be much better with production above 30k boe/d?
I just hope Crew gives us good material on Dec. 10 and not have us guessing until the Q1 report.