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The experts believe that Crew Energy Inc.'s stock is negatively impacted by the slump in natural gas prices, but they commend the company for managing to cut production in response. There is concern about the overhang in natural gas and its impact on valuations. They suggest that larger integrated players like CNQ might be a better investment choice. Overall, the outlook for Crew Energy Inc. is cautious due to the challenges in the natural gas market.
He used to own this when natural gas was $3-$4. The equity value of this company is being ground down, day after day. It has to spend money to keep going. Be careful with these small cap names. These will be one of the first ones that banks will require to consolidate due to credit exposures and bank line covenants. A high risk investment.
The market cap is a knock against them and then there is the leverage. But if you want the exposure, he would own BIR-T.
VII-T vs CR-T? He would stay away from CR-T due to its debt level. VII-T has a good management team, but its slow down in growth highlighted their 50% decline rates in existing assets. This causes too much of their cash flow to still be required for maintenance. He would prefer NVA-T, which trades at a lower multiple of cash flow, has a better balance sheet, and lower decline rates on production.
Some investors are concerned about the debt. The balance sheet is okay to him. They are using excess cash flow to pay down debt and can ramp up production as we see LNG projects coming on line. He has a $1.80 target. (Analysts’ price target is $1.36)
Crew Energy Inc. is a Canadian stock, trading under the symbol CR-T on the Toronto Stock Exchange (CR-CT). It is usually referred to as TSX:CR or CR-T
In the last year, there was no coverage of Crew Energy Inc. published on Stockchase.
Crew Energy Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Crew Energy Inc..
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0 stock analysts on Stockchase covered Crew Energy Inc. In the last year. It is a trending stock that is worth watching.
On 2024-05-03, Crew Energy Inc. (CR-T) stock closed at a price of $4.46.
Nat gas prices have been slaughtered, which impacts this one. Likes that it managed to cut production. Bit of an overhang in nat gas, so there's an overhang on valuations. He focuses on the larger integrated players like CNQ.