Crew reported fourth quarter financial and opera ng results that were in line to ahead of our expectations. Most importantly, Crew’s controllable cash costs on a unit basis are 21% lower y/y, likely at or near the top of its peer group, and should be a very supportive aspect of the market’s view of its underlying business at this point in the cycle. Implied returns on an unchanged 12-month target price of $5.25/sh con nue to support our Outperform ranking.
07 Mar 2016
Fourth Quarter Results In Line to Ahead of Expectations
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Fourth Quarter Results In Line to Ahead of Expectations
Crew Energy Inc. (CR:TSE) | 0 0 -0.6% | Mkt Cap: 265.8m
- Published:
07 Mar 2016 -
Author:
Robert Fitzmartyn -
Pages:
7
Crew reported fourth quarter financial and opera ng results that were in line to ahead of our expectations. Most importantly, Crew’s controllable cash costs on a unit basis are 21% lower y/y, likely at or near the top of its peer group, and should be a very supportive aspect of the market’s view of its underlying business at this point in the cycle. Implied returns on an unchanged 12-month target price of $5.25/sh con nue to support our Outperform ranking.