RE:2022 Crew Employee Awards Thanks BeatTheOdds for your posts. Are you saying Crew could be producing as much as 40,000 boe/d or as little as 32,000...they can do as they wish? If this is the case, why would they want to produce at a lower level, especially at these prices?
In the last couple of years, I felt I was the one who was always optimistic about production levels, and Crew always managed to hit their production target; not more.
You also talked about drilling. I believe they are not drilling anything now. They usually wait until the Fall. Is this your view as well?
By the way, this is not only for BeatTheOdds. I would like to hear from anybody who wants to share their opinion. :-)
BeatTheOddsSqua wrote: According to Canadian Insider, Crew employees had performance awards issued April 1. Closing price was $4.81 (Day range was $5.18 - $4.81).
Crew Energy Canadian Insider With the additional production from the 10 new wells at the Septimus 4-14 pad (completed Dec and January) Crew's available production supply is now most likely greater than their 40,000 BOE/day facility capacity. As I mentioned before, Crew can now set their production rate to meet their annual guidance targets or up to their facility capacity. This is an enviable position to be in, to have spare production available over the 32,000 BOE/day 2022 guidance, it takes alot of pressure off everyone at Crew.
Now layer in the increase in AECO($Cdn.) and Henry Hub ($US) natural gas spot prices which are currently both over $6, (significantly higher than Crew's price forecast) and you can see why the future is beyond bright for Crew shareholders. I can hardly wait to see the 2022 Q1 numbers which are scheduled to be released on May 5.
GLTA
BTO