Disruptive Investor
Long/short equity, deep value, event-driven, macro

Crew Energy: High Growth Potential And Meaningful Stock Upside

Crew Energy (OTCPK:CWEGF) is an oil and natural gas producer with exploration activity focused in the regions of Alberta (Canada), northeast British Columbia and Saskatchewan. As of FY12, the company had 153 mmboe of proved and probable reserves while the proved reserves were 85.1 mmboe. This investment note discusses the company's reserves profile, growth potential and the metrics, which suggest that the stock is significantly undervalued.

Strong Operational Progress

Before discussing the future growth drivers and valuation metrics, I would like to briefly discuss the operational progress of the company. Crew Energy has been aggressive in its drilling activities and this is reflected in the proved and probable reserves growth. The 2P reserves of the company have nearly...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details