RE:RE:RE:Post Q1 SP..How much would it cost for plant expansion to 60,000 boe/d and how long would it take?
If they do, not before debt is at zero and a share buyback program is in place.
Cheadle12 wrote: I don't need to keep saying this, but Crew's overhang is the debt. it's too much for a company of their size and the market knows that it limits their growth plans.. i.e. can they even fund a gas plant expansion?
Sell a non-core and pay debt down under $200M and the stock should be in the $6-8 range then... so many good names out there (i.e. Kelt who are debt free and rapidly growing production and has more acreage but yet a comparable EV)..
Crew is 'nearly' set up for success, but Dale has a few moves left to go.
I'd like to see a Groundbirch gas plant expansion plan in their deck, in 2024.. make it part of a 3 year plan.. show they mean business and will grow to 60,000 boepd.. but then in the background, look to be acquired for a nice price..
Thats my take team.
~The Great Cheadle.
gonatgasgo wrote: It is a very difficult question to answer.
1- Crew will have a great Q1 quarter. However, most of it, if not all, might already be priced in. We know the prices of nat gas and condensate in Q1. We know production and capex. There is not a lot of unknown. Guidance might be market moving.
2- Where will nat gas prices and condensate be in Q2? Much higher, about the same? I do not know.
3- Will we have any updates on Blueberry and BC Royalty Reviews? If so, will it be positive or negative news?
4- Will a large buyer or seller come in April/early May?
There seems to be a black cloud over Crew's head. It could be what I mentionned in #3, it could be the level of debt. Today, oil is up 4%, natural gas is up 1% and Crew is flat.
samajckjor wrote: any guesstamations on the stock price after the first quarter results are reported..