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Bullboard - Stock Discussion Forum Crew Energy Inc T.CR

Alternate Symbol(s):  CWEGF

Crew Energy Inc. is a Canadian liquids-rich natural gas producer. The Company’s operations are focused on northeast British Columbia and include a large contiguous land base with a Montney resource. The Company’s Montney area assets include Septimus / West Septimus, Groundbirch, Monias and Tower, and are situated in northeast British Columbia. Its liquids-rich natural gas areas of Septimus and... see more

TSX:CR - Post Discussion

Crew Energy Inc > hmm...this is fishy.
View:
Post by Cheadle12 on Jun 03, 2021 12:57pm

hmm...this is fishy.

Stock popped up to $1.44, then stuck there.

To me, this happens (like PONY), when there is knowledge of something (A&D, M&A).

25% gain from that figure is precisely $1.80.

To me, $1.80 is the current buyout value of Crew if the debt is accepted (the EV value).

Coincidence?
Comment by Oldnagger on Jun 03, 2021 3:13pm
Not really, Pony went at a 30% premium , but after rising, it was dragged down about 15-20% before the offer came in!!
Comment by Cheadle12 on Jun 03, 2021 3:28pm
It's stuck at $1.44/$1.45.. I like it.. support!  Finally. 25% from here is $1.80. We've done well! I bought more ARX today, I think it's seriously undervalued..   
Comment by Oldnagger on Jun 03, 2021 4:04pm
Crew is sticking out like a sore thumb (or is it like a rich plum)  The  downside risk may be 15% but the upside would probably be way more than 25%. There is no analogy here to what happened at Tainted Pony.
Comment by BeatTheOddsSqua on Jun 03, 2021 5:35pm
So our latest Crew insider scoop / conspiracy theory from TGC is that Crew's share price has been moved up to $1.45 and is being held there in advance of a M&A event involving Crew. The $1.45 is being used as a reference price that will allow Crew to be valued more fairly in the deal. The group of insiders who sold recently at $1.01 to $1.14 are simply decoy sellers to throw retail and ...more  
Comment by Oldnagger on Jun 03, 2021 5:54pm
You missed out the part about CREW buying Tesla from Musk  in return for enough hydrogen to fuel his 3 bedroom house and garage for the winter.Of course we should keep a lid on this rumour for a few more years !! 
Comment by Cheadle12 on Jun 03, 2021 6:56pm
It's all fun and entertaining..but BTOS it makes even more fun that our stock continues to climb! These are plausible theories..   Imagine if Kelt / Crew merge now, all stock deal for $1.80 per share and assumption of the debt.. then as the new Kelt doubles in the next 12 months, that puts Crew shares at $3.60 from the $1.80 price.  Not bad hey?
Comment by BeatTheOddsSqua on Jun 03, 2021 11:13pm
Cheadle I want to make it clear that my post was not meant to mock your assumptions but was intended to get all of the past few days trading events listed so that we can actually perhaps gain an understanding of what is going on with Crew. Something we do a very good job of on this board! We were all predicting this price run up for the past year, based on solid DD and it is rewarding to see it ...more  
Comment by Burgersandfries on Jun 03, 2021 11:36pm
Cheadles $1.80 guess is low..there's no way Crew Mgmt looks at that offer just as the market and company is turning. $3 gas and and $60's oil puts crew in a great position. The key is to have stability at those prices. My only fear would be a run in the price of oil that could bring on a ton of production and maybe bring back the US shale boys. Stability is the key in my opinion. Keep ...more  
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