RE:RE:RE:What will Crew do?The problem for those who want their cake now,is that management seems to be doing their darndest to keep share prices down. Right when they have spectacular drilling results, they take their foot off the gas pedal and last years reserves valuation was done at very low prices. Are they being dishonest ? Probably not. But they are being way too conservative. Other companies have been able to lock in longer term financing in order to ensure continuity of growth. That is particularly important while returns are so spectacular. On the one hand I like the thought that debt reduction should increase share prices (Kelt and Bir both have a higher evaluation on a share price per flowing barrel basis ) On the other hand, Crew needs to demonstrate that they can return to being a growth vehicle. Other companies such as NVA and Pipe have demonstrated that they can grow production and reduce debt at the same time. Crew needs to give us a plan showing that they can do likewise !!
One giant caveat to all this is the rising level of production both in the US and in western Canada. That should be soaked up by more LNG, replacement of coal and many other small factors that will add up over time. Unfortunately, that is my opinion and not that of the market which continues to forecast doom by renewables. In the meantime nat gas prices will be volatile and related to current events. Hedge funds will continue to play off that volatility (even for companies such as PEY which is highly hedged )
I guess for everyone here we know and accept all that , thus our lot can be nothing other than continuing resolve and patience. Both of which will be highly rewarded eventually, but I know not when !!