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- In the last 14 months (since my coverage), Crew Energy has moved higher by 76%.
- The company's upside potential is not over as it plans the next big stage of growth through non-core asset disposition.
- Big capital expenditure program with high operational success rate are the critical success factors for Crew Energy.
- Financial flexibility is strong for the planned expansion activity.
- Crew Energy announced a deal to increase its land exposure in the B.C. Montney.
- The deal was financed by selling C$222 million in Alberta production assets.
- The transactions will reduce my estimated 2014 cash flow by 15% and 2P reserves by 26%.
- Crew Energy disclosed some operational issues in Q1 which could temper results.
- Crew is up 18% this morning and we would take some profits and buy back in later.
Crew Energy: High Growth Potential And Meaningful Stock Upside
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Dec. 8, 2014, 4:55 PM
- Canada's S&P/TSX Composite Index suffered its biggest one-day loss in more than three years, plummeting as much as 462 points before settling for a 350-point beat-down, as resource stocks took a deep dive amid weakening crude oil prices.
- Purpose Investments' Som Seif says the selloff suggests investors are growing even more worried about how the resource heavy-Canadian economy will fare in light of the collapse in oil prices: "We still have lower to go for oil, and so there is the potential for energy stocks to see an even further decline from these levels.”
- Among today's worst performers: Lightstream Resources (OTCPK:LSTMF) -19%, Surge Energy (OTCPK:ZPTAF) -14.2%, MEG Energy (OTCPK:MEGEF) -14.1%, Crew Energy (OTCPK:CWEGF) -12.3%, Pacific Rubiales Energy (OTCPK:PEGFF) -11.2%.
- ETFs: EWC, FCAN, QCAN
Aug. 28, 2014, 6:57 PM
- Crew Energy (OTCPK:CWEGF) says it will sell its liquids-rich assets in Princess, Alberta for C$150M to focus on the development of its core Montney properties in British Columbia.
- The assets to be sold produce 3,650 boe/day, causing the company to lower its 2014 production outlook to 24.5K-25.5K boe/day from 25.5K-26.5K.
- Crew, which bought liquids-rich natural gas assets in Montney for ~C$105M earlier this year, says it is raising its 2014 Montney capex program by C$20M.
Mar. 3, 2014, 11:59 AM
- "War in the Ukraine? Buy Canadian small-cap oils," BCMI newsletter editor Chris Damas asserts, believing they could benefit from the sort of spike in oil prices that's happening today.
- Specifically, Damas advises investors to take a look at Longview Oil (LGVWF -1.5%), Surge Energy (ZPTAF -1%) and Crew Energy (CWEGF +3.2%); he says they're inexpensive relative to current commodity prices and should do particularly well as geopolitical risks cause oil prices to remain elevated or spike higher.
CWEGF vs. ETF Alternatives
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