RE:Catalyst It's debt. Better balance sheet = higher market cap aka higher stock price.
Fix this & the stock will rise.
...or don't & be acquired at $4 or less per share.
~TGC.
gonatgasgo wrote: Crew is up about 14% year-to-date. Not too bad, but not great when compared to others ARX (+30%), TOU (+16%), KEL (+10%), PEY (+7%).
What is the catalyst that will make CR lead the pack? We know the production, the capex and debt would be around $250M at the end of the year. Not a lot of unknown except for pricing of natural gas and condensate.
What could be the catalyst, or the good news to make the stock rally?
- A plan for 2023?
- Refinancing the debt, or the plan about paying it down?
- When the debt actually starts to go down?
- Blueberry agreement?
What could be the catalyst? I would like to hear your opinion.