RE:RE:What will Crew do? The question is what would maximize the stock price? Increase production as much as possible or pay down debt as quickly as possible. I would say, until the end of 2021, they increased production as much as they could (limitation was debt level). In 2022, they are trying to do both (production growth of 20% while paying down maybe $150M of debt. What would be 2023? Probably a combination of both until the summer.
They had non core land for sale forever but there is no takers.
They will not raise equity (I would be so angry if they were to dilute existing shareholders)
PabloLafortune wrote: It's kind of a shame really that they're drilling so little given the vast lands they hold, the team they have in place and the returns they're getting on each well at current commodity prices. What are the other avenues to reduce debt other than strictly from cash-flow? Can they sell some low/ non producing asset? Can they raise equity from existing shareholders? I don't own a lot of shares but I would certainly pony up for my share of such offering if I knew this was going to reduce debt to say $100M and that going forward all cash-flow would go towards capex.