RE:RE:RE:RE:RE:re Who is buying and why?Crew will be a $4 stock before YE 2023. Very likely sooner (with Heavy Oil asset sale & other non-core sales). With those + sustained pricing, Crew could be a $6 stock.
Arc Resources is now much better than Peyto, with C5 exposure, will be a 50% gain likely before end of 2021 (~$15) - Pembina cardium asset sale $100M + Infra sale $400M + Attachie build out news $600M in capital + dividend increase.
Darren dropped the ball at Peyto by going too far into Dry Gas. The product mix is key.
sportstermathew wrote: Although I don't have a lot of money, blew a ton in 2008 to 09 and other times. I have been slowly moving out of PEY to VET, good move, then VET to CR and PEY to CR.
I know many here and on the IV board have 50,000, or hundreds of thousands so they say.
Goals are always good, so my plan at some point is to be debt free, and have a few hundred thousand in the bank. Have other assets and income.
For that to work I need more than a double from here on out. It is possible and not a pipe dream.
For every day prices stay up in these levels and I doubt the fall and winter will be worse than now, it is either adding to debt or growth.
At some point in a year or two costs for everything will be going up in the O&G industry should we be at these levels, land, people, equipment and regulations and taxes probably.
My hardest part is keeping cash, and hanging on long enough to make this a reality.
Promoting the company is good, over promoting is not. Hopefully the numbers will speak for themselves.
A lot of earnings reports are coming out in the next five weeks or so.