RE:RE:RE:Crew drilling 9 more wells Gonatgasgo, my biggest question is: why didn't Crew take themselves organically with growth to capacity of 40,000 boe/d and then, once they were there, announce growth plans. I think Crew could have enjoyed a year or so at full capacity and little debt, with increased Condensate exposure. They must have arrangements made that line up with the LNG Canada startup that we are unaware of is my guess
Also another question, why transfer the longer term notes not due till 2024 to the Credit Line early? Wouldn't the interest rate be higher on the line of credit? Or am I wrong? Again, seems like a clear path is being built to take a next step into their 4 year plan. I guess they do hint that they are looking at this option(New Unsecured Debt) in the news letter about the Early Redemption.
As Liquidity tightens from Banking & Markets, not really a big fan of them running right back into a large debt leverage again, but again, I do trust Dale must know more than I on what is best for the Co. and all us Shareholders.
Still worried a bit about dilution. And Still hoping for more non core sales (oak/tower)
PonyBoy Outsider