RE:good report yes, but a jolt is needed I completely agree with you. ESG reports are nice and 'check the box' to validate all the things the company is doing right & ethically, but the street, banks & funds are expecting Crew to sell some non-core assets. You can even read this in the Cormark and other reports. It's part of doing business - buying and selling core/non-core assets.
I really feel Dale & team need to get off their hands with respect to asset sales, time to stop talking about it and time to start doing. Even Kelt this quarter sold $9M in non-core assets (and had higher AFF than Crew).
Big Crew fan, and aligned with the 'grow into the debt ratio' strategy, but also believe that they need to sell non-core asap and pay down 'absolute' debt. Always, always, always protect the downside.
A good quarter, but not great. Lots of hedging losses and weaker gas prices than in Q1 as noted in the MD&A yet Oil was much higher in the quarter.. ? Should have offset.
TIme to hedge at $4+ strip, get rid of some non-core and put the money into Septimus.
Let's get moving Dale. August 2021 now, and no mention of asset sales. Did you or did you not sell Lloyd Assets?
uograd wrote: numbers were very good and for the immediate future with ng near 4 bones, q3 will be solid on so so production but we really won't know if all this talk about doing this and doing that in 22 will happen until we see where gas prices are in q4 and q1. Now they should stay where they are or go higher but no guarantee of that on august 5, 2021
to get this stock moving they have to either sell some land they will never use or do something else to excite the market. this report does not do it in the short term.