Crew Energy Inc T.CR

2022 Crew Employee Awards

[BeatTheOddsSqua]

According to Canadian Insider, Crew employees had performance awards issued April 1. Closing price was $4.81 (Day range was $5.18 - $4.81).  Crew Energy Canadian Insider

With the additional production from the 10 new wells at the Septimus 4-14 pad (completed Dec and January) Crew's available production supply is now most likely greater than their 40,000 BOE/day facility capacity. As I mentioned before, Crew can now set their production rate to meet their annual guidance targets or up to their facility capacity. This is an enviable position to be in, to have spare production available over the 32,000 BOE/day 2022 guidance, it takes alot of pressure off everyone at Crew.

Now layer in the increase in AECO($Cdn.) and Henry Hub ($US) natural gas spot prices which are currently both over $6, (significantly higher than Crew's price forecast) and you can see why the future is beyond bright for Crew shareholders. I can hardly wait to see the 2022 Q1 numbers which are scheduled to be released on May 5.

GLTA 

BTO

[gonatgasgo]

Thanks BeatTheOdds for your posts.  Are you saying Crew could be producing as much as 40,000 boe/d or as little as 32,000...they can do as they wish?  If this is the case, why would they want to produce at a lower level, especially at these prices? In the last couple of years, I felt I was the one who was always optimistic about production levels, and Crew always managed to hit their

[BeatTheOddsSqua]

If Crew brings their wells on production only as required in order to meet their guidance (31,000 - 33,000 Boe/day)  instead of exceeding it, this would effectively defer the outlay of capital for drilling, completing, pipelining and facility installations. This freed up capital can then be used to pay down debt as some shareholders have been repeatedly requesting. The fact that Crew

[gonatgasgo]

If you want to know what I would do, I would tell you the little that I know and show you what I do not know. I am guilty.  I am one of those who think debt cannot go above $400M for Crew.  I do not understand why a company would have drilled by uncomplete wells in this environment.  I also know it is more difficult to drill in the summer.  As a result, I would drill.  

[Oldnagger]

Here are the alternatives for Crews cash flow Drill more wells annual returns 100-400 % Buyback shares annual returns 20- 50 % Pay back debt Annual returns 6.5 % - 8.0 % If I were Dale here is what I would do A beg .borrow or steal more gas processing capacity B call up the bankers and arrange another 5 year note or C  Sell some land and go back to step A

[PonyBoyOutsider]

OldNagger, I generally agree with most of your comments, the only thing about your last post that I might add with regard to the low percentage you ascribe to paying down the debt is: 1) the high debt/risk level just not too long ago with a moderate commodity price made Crew a 2nd rate O & G co. Compared to many of its peers, reducing volume/exposure/share Valuation etc. It is a major

[gonatgasgo]

Thanks for sharing your story.  Good for you.  This stock may make a few people on this board millionaire.

[Oldnagger]

Yes, I remember all to well that gut wrenching Painted Pony feeling. Still I had loaded up just before It was taken over. I did not lose too much other than a ticket to Nirvana. Well, it turns out that Crew is a better ticket and things have changed very much since then . There is still time b4 2024. And financining or credit lines can always be had if there is sufficient PDP in the ground. At