RE:What a BeastOverbought or oversold but most importantly
SEVERLY UNDERVALUED at $5.22/share.
Crew's production rates on their new wells are exceeding their 2P Type curve by 20 - 50% and the 2P reserves value net of debt are calculated at $11.65/share (assuming approx. $72 WTI and $3.25 AECO) and with
NO VALUE assigned to 225,773 acres of undeveloped Montney land. Think Leucrotta! (Presentation Slide 23).
In addition layer in Crew's budget assumptions of
$65 WTI and $3.50 AECO and $4.00 NYMEX in light of today's commodity prices of
> $6 AECO, > $6 NYMEX and > $97 WTI for their 2022 budget which includes Crew's AFF ($190-$210 MM) and Free AFF ($95-$130 MM) estimates (Slide 33).
Also consider that Crew is now quietly drilling and completing other Montney zones in the
1000 FOOT THICK prospective interval underlying their lands (Slide 14) which have yet to be included in their reserves valuation.
Crew is now firing on all cylinders (or batteries if you are an EV owner).
I am loving this ticker.
GLTA
BTO