Huge Activity Today -are Shell or CNQ buying? I studied a Montney Lease Holder Map today that I had booked marked a couple of years ago. After viewing Shell and CNQs Groundbirch properties I would be extremely surprised if one of these 2 companies do not make a takeover bid for Crew. Both companies butt right up against Crews Groundbirch and West Septimus lands and have multiple horizontal well pads in close proximity to the Crew Lands. Arc also has lands bordering on Crews acreage. Shells big block would fit perfectly with Crews continuous GroundbirchSeptimus block which together would form one huge block. It appears Crews block would have at least the same acreage as the Shell block.
Today saw 903,000 shares traded compared to the 30 day average of of 380,000 shares. Someone or several parties are picking up good sized blocks. It may mean only that there are many buyers with renewed interest in Crew, or a couple of buyers trying to accumulate for an eventual takeover bid. I forget the % allowed before a companies must declare their position/intention.