Crew reported 2015 year-end reserves that frankly were much better than our expectations, confirming that a focused Montney growth strategy is working, exemplified by substantially lower F&D and FD&A costs achieved in 2015 than in the prior 10 years of its corporate history. Updating our NAV methodology, we are increasing our 12-month target price modestly to $5.25/sh and maintain our Outperform ranking. Implied returns are robust, framing the stock as one of our top ideas in the space on that b ....
22 Feb 2016
Crew Energy Announces Best Reserve Report in Last 10 Years
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Crew Energy Announces Best Reserve Report in Last 10 Years
Crew Energy Inc. (CR:TSE) | 0 0 -0.6% | Mkt Cap: 265.8m
- Published:
22 Feb 2016 -
Author:
Robert Fitzmartyn -
Pages:
10
Crew reported 2015 year-end reserves that frankly were much better than our expectations, confirming that a focused Montney growth strategy is working, exemplified by substantially lower F&D and FD&A costs achieved in 2015 than in the prior 10 years of its corporate history. Updating our NAV methodology, we are increasing our 12-month target price modestly to $5.25/sh and maintain our Outperform ranking. Implied returns are robust, framing the stock as one of our top ideas in the space on that b ....