Crew Energy Inc. (CR.TO) Buy, Sell or Hold

Crew Energy Inc. (CR.TO)

7.40

+0.14 (1.93%)

as of Oct 3, 2024, 8:00:00 pm Market Open.

35 watching

BUY ON WEAKNESS

Natural gas has been a problem. There is a required rebuild in the Nat gas pipeline industry as they have become old. Crew is a liquids rich natural gas producer. They are trading at 1 times cash flow. He is buying more on the next shakeout.

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PAST TOP PICK

(A Top Pick Jul 16/18, Down 64%) Liquids volume is growing. Issue is paying back debt. Cash flow will rise with better nat gas prices. Momentum investing is winning right now with institutions. When retail sees that there's value, they'll come in, and these stocks could have massive runs. You have to buy them when they're cheap, and just hold.

DON'T BUY

In this environment, there's no reason to invest in small-cap energy stocks. No market for it. Oil investors buy only the biggest companies and consider mid- and small-caps too risky. The sector would have to rally a lot to change this flow.

PARTIAL BUY

The stock is no longer on death watch. It's another play on crude oil and nat. gas. This has drifted low enough to nibble away at.

DON'T BUY

These poor stocks. Avoid. No reason to buy. Lots of potential if there's positive news. But volume's been declining, so no buyer support. If it broke above 95 cents, could be interesting as a trade. But 75 cents is more likely.

RISKY

It comes down to the regulatory environment. It has a great balance sheet, but carries some debt. This is a call option on Canadian natural gas. It is highly speculative at this point.

DON'T BUY

Energy has been such a slog with a hard regulatory environment. A change in our federal government would trigger a flood of foreign money into Canadian energy. Energy prices have been in the tank. He hasn't been buying energy.

PAST TOP PICK

(A Top Pick Apr 03/18, Down 36%) Stock is cheap. Book value of $5.76. Believes natural gas prices will be higher in Q4. Natural gas stocks are being thrown away, so there's incredible value there, if you have a 2-3 year time horizon.

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BUY ON WEAKNESS

It is a smaller cap. 25% liquids and the rest Nat Gas. They are guiding to flat numbers. They are in survival mode. The balance sheet is in good shape. He likes and owns the stock. They have a good asset in the right place. He has a $5 target.

DON'T BUY

He really likes it. They shut in some of their heavy oil in Q4. They have not reported yet. On Jan 9 they said they were working on cost recovery and liquids rich were going up. His target is a double or triple over twelve months.

PAST TOP PICK

(A Top Pick Jan 15/18, Down 71%) He would buy on weakness. They are hitting on a new play. It is one of the bargains of it. He would buy. The balance sheet is not an issue.

BUY

BIR-T vs. CR-T. BIR-T has much larger production than CR-T. BIR-T is a large cap vs. CR-T being a small cap. He likes both companies and owns them. He does not have a preferred one.

DON'T BUY

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.

BUY

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.

HOLD

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.

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Crew Energy Inc. (CR.TO)