RE:RE:Crew Debt LevelThe Lloyd assets are contributing to cash flow, but if the end game is to be acquired & at a premium.. the sooner they can go, the better.. That $30M alone would make a dent in the debt.
I don't think they need to exercise the Infra deal part 2.. selling off Attachie, Tower.. and don't forget, Oak/Flatrock.. (to Kelt).. these sales alone with the production heading over 30,000 boepd would bring their D/CF down to 1-1.5x.. now that's a solid balance sheet.
I think this is the plan heading into 2023/2024. Get the stock up over $2-$3 per share organically, then sell into bigger hands for a nice premium.
$4-6 stock by 2023 YE, if the above moves transpire.
integrity11 wrote: Sounds logical Gonatgas. Of course we know that Crew may have a very good option to reduce debt by selling non core assets. What we don't know is how much demand is out there for Montney land. I think probably quite a bit of demand but what are they willing to pay?
Dale and his group obviously know that answer. They will not let Montney assets go for less than market value, because they don't need to. Who would the likely buyers be? Tou, Topaz, Arx, Cnq or Shell. Obviously the closer we get to Kitimat LNG being completed the more value there will be.
Also what is the demand for the heavy oil assets? Can we get $30 million or do we take something less just to get rid of. Or are these assets actually contributing to cash flow in which case we do a little drilling to keep production stready?