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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (53228)	9/16/2019 7:46:53 PM
From: Goose94	Read Replies (1) of 202193

Crew Energy (CR-T) top pick from Josef Schachter on BNN.ca Market Call Monday Sept 16th @ 1200ET Crew trades very cheaply as the market worries about their debt level and low natural gas prices for the strip and AECO spot. The company is focusing on spending less than cash flow and using excess funds to pay down its debt level, which was $343 million on June 30. Equity at the end of Q2/19 was $919 million. Cash flow per share in 2019 should be 67 cents ($106 million) and 77 cents ($120 million) in 2020 on our forecast of 24,500 barrels of oil equivalent per day (boe/d). We’re fans of management and CEO Dale Shwed owns 4.7 million shares. We plan to buy more of this stock over time. Our one-year target is $1.80, so there is lots of upside ahead. Crew is very close to the route of the new Coastal GasLink pipeline, which will deliver gas from the Dawson Creek area to the LNG Canada plant in Kitimat, B.C. In the longer term, Crew could be a takeover candidate as the LNG operators tie down reserves to meet their long-term contracts. The stock traded at over $21 per share as recently as 2011.

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