RE:RE:RE:Sell in May and go awayAnother thought on 2020 writedowns. Had it not been for the write down ,Crew would have shown a per share profit of $ 0.42 per share versus a per share loss of $1.34.
As most will recall, per share profit was an exceedingly rare event amongst petroleum companies last year. I know a lot of companies took writedowns, but many did much worse than that !!
Crew is a long way from being at the top of the risk scale. Debt is but one element of risk and the total picture must be evaluated including assets, cash flow, profitability, reliability ,diversity etc etc.