Are you guys insane?Intergrity11 wrote:
"Thank you, very helpful. I too believe Cr likely taken over within 1 year and if it is the likely takeover price will be >$8."
First...... that's ASSUMING that the folks at Crew HQ WANT to sell. And that's a BIG assumption.
Second......With Trump leading in almost EVERY poll & possible metric against the Dems & Senile Sleepy Joe leading up to the elections in November, unless they put Trump behind bars or he goes AWOL/MIA OR he has a bigazz heartattack and falls flat on his face......Your other bet or assumption of higher NG prices that will be needed for that crazy scenario you mention above to actuallly be a viable possbility......is more or less DOA when Trump gets voted in as Potus. So you better get on your knees hope & pray to Jesus something happens to Trump or they replace Sleepy Joe with Newsome or Miss Obama before November.......Because if that aint happening goto number 3 below....
Third.........With Natgas prices at HH at $1.50 & change and expected to ge even lower when Trump gets ushered in as Potus, there's absolutely NO WAY IN HELL some operator in Canada buys Crew, which btw is 85% gassy, for ~$1,5 with debt & liabilities or ~$50K per flowing boepd. THAT is totally insane!
Lastly.....let us NOT forget that when Natgas prices were this low the last time, Crew stock was trading at abpout 0.50 cents!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
But what could "possibly" happen here..... assuming a few things, that IF Trump wins and NG prices completely collapse due to his "Drill Baby Drill" into infinity..... moto & priorities.......then i would assume two possible scenarios to play out for Crew & their s/h. One, Crew mgmt hunker down & batten down the hatches and prepare themselves another LONG period of very low ng prices and their stock to collapse ....again. This time i'm not sure they survive.
Two, they, meaning Mr. Dale & Brussa& Team don't wish to revisit those dark days of 2016-2020 and want out asap. In this case, you're looking at a potential Pipestone or Painted Pony situation, and someone like Canadian UnNatural coming in & mopping up the accident in aisle 5 where the perishable goods are.......either one of those two possbilities are likely to happen & are splt 50/50 in terms of odds.
And CRew isn't alone in this dismal situation or eventual fate.......
So you guys hoping, with all this crazy hopium better HOPE pray to the Lord Trump & the Republicans fail.........BUT then again...... If the Sleepy Joe or ANY Democrat wins, and the Dems are in power for 4 more years......then country is in some VERY serious trouble, more than it is now, and EVERY financial market on the planet comes crashing down like a Boeing 747 on fire 50000 feet in the air................
So..... save your country or your stocks?
What say you?
GLTA