Post by
integrity11 on Jan 15, 2021 2:55pm
Both Crew & AAV Excellent Investments
First of all I will specify I currently hold shares in both AAV and CR as well as TOU, Bir and Kel. IMO these are all excellent companies and I believe all have some very good upside.
I don't agree with any negativity towards Crew as I believe the upside is likely greatest with them. As a comparison Crew has 156 million shares and AAV has 188 million shares. AAV has debt of 250 million and Crew has debt of $355 million. So based on debt and year end production forecast (Crew 30,000 boed & AAV 47,000 boed) it appears AAV might be the Best Buy.
But the Crew easily makes up for this when taking into consideration their Prime Montney land position and rich liquids production. Crew holds 277,000 net acres (430 sections) in the highly sought after BC Montney Butting against Shell, Arc and extremely close to CNQ. They have only started exploration and without a doubt are a prime takeover target. It is IMO only a question of when not if. They are close to all 3 export pipeline and very close to the currently under construction TC Energy Pipeline that will supply the Shell led LNG facility in Kitimat. Also 30% of Crews production is comprised of liquids including high % of condensates. Crew get a big upside in heating value from their production. In comparison Aav only has 8 to 9 % liquids.
AAV has 220 sections or 134,500 acres in the Montney/pipestone fairway which is very significant, but Crews 277,000 acres is extremely significant.
Just a different viewpoint from a shareholder in both companies. I believe ng price will surge in the next month due to more normal cool temperatures and continued LNG demand. Both companies are great investments.
Comment by
Gabora on Jan 15, 2021 3:31pm
Can't get product to market. Build a pipeline.