RE:Had to take some off the table I have been wanting to say this all day, this may not be over by a long shot.
There are always blips.
But, at these prices any new NG valuations are just gravy other than Royalties that tend to rise in value once prices go beyond certain levels.
At 2x whatever valuation metrics all in the industry are almost totally undervalued.
On top of this, a lot of firms are more efficient, have better drilling techniques than ever before, have computer tech on their side including up to the minute production details per well, better ESG issues that are actually creating more value.
Many companies may actually surpass previous price levels once time improves production levels. I mean 8 to 10 years is a fair time to cut the knees out from under these companies.
NG has more room to grow than oil especially now with more and more LNG exportation from NA to the rest of the world.
Who is to say that this is not the beginning of another run similar to the early days after 00' for the tech industry that can make a lot of room for profits, now that profits and dividends are forefront with debt soon to be a distant memory.
I don't think $7 to $10 is a value anymore that CREW and company thinks is an exit strategy. I think it is much much higher.
Increases in production by a small company is not too much of an issue especially when prices are where they are now. Most small companies don't add up to one of the larger ones.