Crew Energy Inc.
CR-T
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About Crew Energy Inc. (CR-T)
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The company holds a lot of acreage in the Montney, but they face the challenge of growing cash flow and production with a natural gas concentration. There are better opportunities elsewhere. He is still bearish natural gas.
The company holds a lot of acreage in the Montney, but they face the challenge of growing cash flow and production with a natural gas concentration. There are better opportunities elsewhere. He is still bearish natural gas.
Book value is $5.74. Debt is not a problem: $349 million debt compared to $830 million in equity value. 26% liquids and oil, 74% natural gas. $7 target in the next 12 months. He expects it to drop a little in tax-loss selling season.
Book value is $5.74. Debt is not a problem: $349 million debt compared to $830 million in equity value. 26% liquids and oil, 74% natural gas. $7 target in the next 12 months. He expects it to drop a little in tax-loss selling season.
It is one of about a dozen companies that will benefit from a positive FID statement on a west coast LNG project. He thinks the announcement of such a project could be weeks away. The company has one of the largest Montney land holdings in BC and it is trying to monetize that into real cash flow to de-risk the asset. They have had to sell other assets to keep things going.
It is one of about a dozen companies that will benefit from a positive FID statement on a west coast LNG project. He thinks the announcement of such a project could be weeks away. The company has one of the largest Montney land holdings in BC and it is trying to monetize that into real cash flow to de-risk the asset. They have had to sell other assets to keep things going.
The debt is simply too high for him to invest in. They also have some issues with First Nations peoples. This has too much hair on it for him.
The debt is simply too high for him to invest in. They also have some issues with First Nations peoples. This has too much hair on it for him.
The book value is $5.74. The balance sheet is not a problem. They have growing production to 23,583 boed. They have $0.14 per share in cash flow. He thinks this could rise to over $1.00 per share in the next few years.
The book value is $5.74. The balance sheet is not a problem. They have growing production to 23,583 boed. They have $0.14 per share in cash flow. He thinks this could rise to over $1.00 per share in the next few years.
He likes it and owns it. Book value of $5.74. Balance sheet is in good shape. Sees tremendous upside if price of Nat gas goes up as he predicts.
He likes it and owns it. Book value of $5.74. Balance sheet is in good shape. Sees tremendous upside if price of Nat gas goes up as he predicts.
They have 39% debt. The stock is very cheap. (Analysts’ target: $3.37).
They have 39% debt. The stock is very cheap. (Analysts’ target: $3.37).
Oil producers have been a mixed bag. This one is in the 'dog' category. It consolidated, then downtrend, then consolidation, then downtrend. It is forever breaking down. He would say he does not like the chart. There are other oil stocks if you want to be in the sector.
Oil producers have been a mixed bag. This one is in the 'dog' category. It consolidated, then downtrend, then consolidation, then downtrend. It is forever breaking down. He would say he does not like the chart. There are other oil stocks if you want to be in the sector.
Crew vs. Bonavista ( BNP-T ) Double down? Both have high weighting to gas, which will be a drag. Crew is cheaper on valuations, so go with that one. You don’t want to fight OPEC, oil will be range-bound.
Crew vs. Bonavista ( BNP-T ) Double down? Both have high weighting to gas, which will be a drag. Crew is cheaper on valuations, so go with that one. You don’t want to fight OPEC, oil will be range-bound.
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