RE:RE:RE:RE:RE:RE:What’s going on?? Is Oldnagger right about the prospects of nat gas and Crew? Probably.
Let's have some fun.
If Crew decided to issue a $300M bond, and you had to decide what to do with it, would you
a) drill for condensate
b) drill for nat gas
c) build the Groundbirch plant, but with no production yet
I would pick a). Oldnagger would say "issue $900M and do all 3".
I still remember, in the Spring of 2020, when Crew had $400M of debt and a market cap of less than $50M. It was scary, but we got rewarded for our fear.
If you could pick the path to future stock prices on Dec. 31 of 2023, 2024 and 2025, would you pick
a) $7, $9 and $12
b) $7, $4 and $14.
I would pick a). Oldnagger and rational investors would definitively pick b), but it might be too much volatility for me to stomach. No "conservative invetors" are invested in this stock. However, I am not a "risk seeker". Oldnagger problably likes sky diving and bungee jumping...but not me.
Nothing personal here, just a bit of humour, hopefully.
Oldnagger wrote: Here is the question , do you evaluate a company that has over 140 years of North America,'s nearly least expensive natural gas reserves on by metrics based on the current very weak and probably manipulated (By Biden ) market conditions ?