RE:There is a tide Agree, however a cheap stock can stay cheap for a very long time. I hate to say it, but Nuttall is right. A company like Crew should think twice about increasing production, but rather use the cash flows to pay down debt and ultimately buy back shares.
Right now, the market is putting zero value on Crew's land and reserve. Why should they? They are worth what an interested buyer is willing to pay. Either nobody wants to pay anything or Dale is unrealistic.
What will make Crew go back above $2 and ultimately $3-$4? Not even AFF in excess of $200M. If there are no buyers, just buy your own stock.
Oldnagger wrote: With apologies to Will Shakespeare, but the time is now. Covid is disappearing , if not tomorrow then soon. Supply chains may be broken, but they will be repaired. Anyone who refuses to be vaccinated will be left behind. The planet will come back to life and people will once again want everything they have missed . The laws of entropy must be obeyed, all that has disintegrated must be replaced or repaired.The investment world has been suffering from Myopia. That too will change !!
No matter what governments try to do to eliminate hydrocarbons, Crew will prosper . Nat gas will always be needed until the last ton of coal or last tree is burnt. There are very few producers who produce nat gas in isolation. Hence producers with high nat gas production will always be necessary !!