Reply to oldnaggerHello again my fellow investors. Before i respond to oldnagger's comments, i will make a brief comment in regards to that imbecile burger&frenchfries' response to me. He does not deserve any respect from me by giving him a direct reply. So therefore, i will take burger&frenchfries' own to advice to me when i had a similar confrontation with that other idiot "Cobalt", and say his comments doesn't merit any response. But i will certainly clarify some things he mistakenly said, as it seems errors are becoming common place with fools like burger&frenchfries.
First, regarding Crew's financials. He now admits (and usese as a convenient excuse) he didn't "properly read" the report and it seems he has now retracted his erronous assertions regarding Crew's debt reduction. As much as an idiot this person is and as ignorant as he is, at least he was man enough to say he made a big mistake. So some small pointsf for that. Unfortunately for this imbecile, it's not the only misinformation he's posted. And this is where we come to his personal attacks to me. Not only does he "attempt" to attack my credibility, and weakly at that, what he states are complete lies. If anyone wants to take a look at my recommendations on previous investments, and what was said, it's all there in black&white for everyone to see. And much of the misinformation Mr. burger&frenchfries has said regarding my comments, will be proven wrong for those who wish to verify it.
I will make one thing clear here, besides the fact that i've already stated that i've unloaded all my position in Crew ages ago, i was one of the FIRST & very few pumping this when it was a mere 10 cents. Mr. burger&frenchfries was not to be seen during those times because people like him are not leaders or percpetive investors who see great opportuntities when they appear. He is sheep, is just reactionary & just follows, nothing more & nothing less. So invite everyone to go back to early 2000 AND see who was advising people to buy Crew & pumping it at ~10 cents. I didn't get the top, but i definitely made 10X on this investment and much more in other sectors when i did envetually sell.
Now for Mr. Oldnagger. I will agree with sportstermathew that most of oldnagger don't apply here and don't quite make sense. But i will reply to some of the comments that are valid.
oldnagger wrote:
"As I have stated before, the market still pays only for existing PDP and puts zero value on all the rest."
Most of what you've stated in this paragraph really doesn't figure in regards to the finacials that were released. But the above comment i've quoted, does merit some clarification. I personally don't agree that the market isn't putting ANY value on anything except PDP. Or Lucrotta would not have been boughtout for $500M and other ep's wouldn't be trading where they are currently trading. The question you must ask yourself is why Crew is trading at a steep discount. that's the big question, not trying to analyse the geograph of Crew's lands or it's production flows. I do think though, that when the sector is in a prolonged downturn or in the dumps, and value to anything outside PDP is non existant or negligible.
"Contrast that to the Bitcoin that you were praising not so long ago. Bitcoin is different from Crew it will never provide anything other than a ticket to a game of musical chairs in which there are no chairs !!"
What has Bitcoin have to do with what were are taling bout here? Of course Bitcoin is a completely different part of the market, but it has no relevance in our discussion here. Whether you support & beleive in Bitcoin is a completely different discussion and not appropriate now on this thread or forum. Btw, because you don't like Bitcoin, doesn't mean you can't make a fortune investing in it, like i did. My generous proceeds from the Crew sale back two years ago were used exactly for that purpose.
"Right now , however, I am very perplexed. On the one hand, Crew presents us with all the evidence of spectacular drilling results and on the other hand Crew does not show any rise in production.It was up to Crew to tell us their plans henceforth and other than the skimpiest of details they have not done so With the recent extension of the credit lines through 2024 we will have lots of time to figure out Crews real intentions. But markets are very impatient and I think that fact will hurt Crew until Management come out with much better explained guidance !!"
Now you're getting closer to the actual truth regarding Crew. Like i said, Crew's recent financials is typical Crew. Whether mgmt is holding back certain info or details is indeed in question and for what purpose really? Are they having issues? Don't know. What we do know, is that in an extremely conducive pricing environment for over a solid year, Crew is unable to either take advantage of the situation or improve their finances. Could this be a mgmt problem more than an operational one? Possible, as the massive derivative losses do point in that direction.
GLTA