RE:I am so afraid...I do not think Crew will be taken over easily. Keep in mind, the management/insiders own 11.3% and Equinox partners is at 16.8%. Also, Equinox will have a seat on the board, so I doubt the insiders and Equinox will want different outcomes.
I doubt Dale will sell at a low price, quite the opposite, he might be too patient. An hostile takevoer would be difficult to accomplish.
Having said that, Crew is still in a difficult situation despite having all this land. They just do not generate enough cash flows to accelerate any drilling activities. They would need to sell another big parcel of land to make things easier of them or to pay for the 4-year plan.
sportstermathew wrote: I am afraid that CR will be taken out when the price is low like it is now.
Anything less than $10 to $15 will be a big loss to many with better aspirations after holding on for so long.
Whether any other white knights came in after a low ball offer is another question.
I can see a merger as a much better deal for shareholders if it was too low a price, then we would still have a stake in the potential. If Peyto was debt free and had cash building up it could be a great opportunity to put money into more plants for future drilling and sales.
Other companies could be good also if management still stuck around and were in sync with each other.
CR seems to be stronger today than most others which are very weak today.
My other fear is that if it starts to move upwards over he next six to 18 months I will end up selling on the way up and not realize the full potential.
I am not afraid of it dropping much further.