RE:RE:Exit StrategyI am a large CREW shareholder, well at least in my mind I am. I also dabble in other O&G names where I buy a couple thousand shares then sell after I make a few bucks. CREW is by far a stock that I had hoped so much more from at this point in my investing life.
I started accumulating back in 2018 and I really added to my holdings when the share price dropped to .20 cents back in 2020. CREW has been a $20 stock at least three times since the company began back in 2003 but has been nowhere close since 2011.
You are only kidding yourself if you think you will ever see CREW at $20 again even with $0 debt and 60000boed
The one thing I have noticed is that so many people will do all this calculating to figure what a share price of a stock is worth. It never materializes and CREW is a prime example. How many times have I read that CREW’s true value is $12 plus a share?
It ain’t happening folks anytime soon…. if ever.
Personally even if I sell everything today I will do quite well. I do believe that CREW is a great company and I do believe that it will be a takeover target. I also think it will happen a lot sooner than later. Companies like CREW, KELT, PIPE, JOY, BIR and all the others will all be gobbled up. It just makes sense with all the LNG coming onto the market in the next few years.
My exit for CREW will be somewhere between $8 - $9.
I will happily sell all my shares then.