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Crew Energy Inc T.CR

Alternate Symbol(s):  CWEGF

Crew Energy Inc. is a Canadian liquids-rich natural gas producer. The Company’s operations are focused on northeast British Columbia and include a large contiguous land base with a Montney resource. The Company’s Montney area assets include Septimus / West Septimus, Groundbirch, Monias and Tower, and are situated in northeast British Columbia. Its liquids-rich natural gas areas of Septimus and West Septimus are complemented by the interconnected dry-gas resource at Groundbirch. It holds a large, contiguous land base of over 341 net sections in the Montney with condensate, light oil, liquids-rich natural gas and dry gas. The Company has access to diversified markets with operated infrastructure and access to multiple pipeline egress options.


TSX:CR - Post by User

Comment by BeatTheOddsSquaon Oct 05, 2021 5:33pm
269 Views
Post# 33971205

RE:RE:Dale is speaking today

RE:RE:Dale is speaking todayGonatgo, thanks for posting the link.

I liked that during the question period Dale mentioned that Crew has received interest in both the non-core Montney and the Lloyd Heavy Oil assets and that they hope to be providing and update on the sale of those assets in the near future. That would be exciting if Crew could convert those assets to cash.

The disconnect between 2020 1P ($11/share) and 2P ($21/share) per share valuations (net of debt) and the current share price $3.41 is remarkable. This calculation doesn't include any value for 225,000 net acres of undeveloped land!

Nice presentation.

BTO
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