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Last C$5.27 CAD
Change Today -0.28 / -5.05%
Volume 700.4K
As of 4:00 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

crew energy inc (CR) Snapshot

Open
C$5.42
Previous Close
C$5.55
Day High
C$5.46
Day Low
C$5.26
52 Week High
07/7/14 - C$11.70
52 Week Low
04/1/15 - C$4.65
Market Cap
743.0M
Average Volume 10 Days
679.7K
EPS TTM
C$0.55
Shares Outstanding
141.0M
EX-Date
--
P/E TM
9.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for CREW ENERGY INC (CR)

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crew energy inc (CR) Details

Crew Energy Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas in Western Canada. The company primarily holds interest in the Montney zone, which includes the Septimus, West Septimus, Tower, Groundbirch/Monias, Portage, and Attachie assets with 487 net sections with light oil, liquids-rich natural gas, and dry gas in northeast British Columbia. It also owns an average working interest of 94% in the Lloydminster area that comprises the company’s operations at Wildmere, Swimming, Viking-Kinsella, Baldwinton, Forestbank, Golden Lake, Lashburn West, Low Lake, Lloydminster, Lindbergh, Neilburg, and Unwin-Epping covering an area of 97,219 net acres of land in the Saskatchewan/Alberta border region near the city of Lloydminster, Saskatchewan. Crew Energy Inc. is headquartered in Calgary, Canada.

crew energy inc (CR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$410.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$340.0K
Chief Operating officer and Senior Vice Presi...
Total Annual Compensation: C$340.0K
Senior Vice President of Business Development...
Total Annual Compensation: C$340.0K
Vice President of Marketing
Total Annual Compensation: C$182.2K
Compensation as of Fiscal Year 2014.

crew energy inc (CR) Key Developments

Crew Energy Inc. Reports Operating and Earnings Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Year 2015

Crew Energy Inc. reported operating and earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported that petroleum and natural gas sales were CAD 39,940,000 compared to CAD 130,368,000 a year ago. Funds from operations were CAD 20,720,000 or CAD 0.16 per diluted share compared to CAD 51,810,000 or CAD 0.42 per diluted share a year ago. Net loss was CAD 15,770,000 or CAD 0.12 per basic and diluted share compared to CAD 129,693,000 or CAD 1.07 per basic and diluted share a year ago. Exploration and development expenditures were CAD 91,092,000 compared to CAD 66,140,000 a year ago. Property acquisitions were CAD 258,000 compared to CAD 102,532,000 a year ago. Net capital expenditures were CAD 91,350,000 compared to CAD 168,672,000 a year ago. Total net debt was CAD 230,055,000 compared to CAD 253,736,000 a year ago. Revenue for the first quarter ended March 31, 2015 was CAD 37.19 million, compared to CAD 75.79 million for the same quarter ended March 31, 2014. Loss from operations for the first quarter ended March 31, 2015 was CAD 14.8 million, compared to a loss from operations of CAD 11.66 million for the same quarter ended March 31, 2014. Loss before income taxes for the first quarter ended March 31, 2015 was CAD 20.04 million, compared to a loss before income taxes of CAD 173.42 million for the same quarter ended March 31, 2014. For the quarter, the company reported Realized production of 19,035 boe per day, which reflects higher Northeast British Columbia volumes compared to the first quarter of 2014, the impact of over 11,200 boe per day production sold during 2014, and the curtailment of 800 boe per day of heavy oil production. Production at Lloydminster heavy oil property averaged 4,775 boe per day in the first quarter of 2015, reflecting over 800 boe per day of production that was curtailed due to low commodity prices. New drilling will continue to be deferred until commodity prices recover sufficiently to provide more attractive rates of return. Recently, heavy oil differentials have narrowed significantly which may allow Crew to re-activate a small number of shut-in wells. The company provided production guidance for the year 2015. For the year, the company maintaining annual production guidance of 20,000 to 22,000 boe per day, and year-end exit forecast of 24,000 to 25,000 boe per day. Crew continues to monitor regional natural gas prices which have been impacted by temporary service restrictions on the major pipelines that service the Alberta and NE BC Montney areas. The company believes that these restrictions may extend throughout the second quarter and potentially into the third quarter.

Crew Energy Inc. Presents at 2015 CAPP Scotiabank Investment Symposium, Apr-08-2015 01:45 PM

Crew Energy Inc. Presents at 2015 CAPP Scotiabank Investment Symposium, Apr-08-2015 01:45 PM. Venue: Sheraton Centre Hotel, 123 Queen Street West, Toronto, Ontario, Canada. Speakers: Dale Orest Shwed, Chief Executive Officer, President and Director.

Crew Energy Inc. Announces Audited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014

Crew Energy Inc. announced audited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company announced petroleum and natural gas sales of $72,295,000 compared to $110,394,000 for the same period a year ago. Funds from operations were $33,035,000 or $0.27 per basic and diluted share compared to $48,128,000 or $0.40 per basic and diluted share for the same period a year ago. Net loss was $28,424,000 or $0.23 per basic and diluted share compared to $58,429,000 or $0.48 per basic and diluted share for the same period a year ago. Net capital expenditures were $83,348,000 compared to $54,065,000 for the same period a year ago. For the full year, the company announced petroleum and natural gas sales of $425,424,000 compared to $430,627,000 for the same period a year ago. Funds from operations were $171,592,000 or $1.39 per diluted share compared to $172,438,000 or $1.42 per basic and diluted share for the same period a year ago. Net loss was $349,714,000 or $2.86 per basic and diluted share compared to $79,311,000 or $0.65 per basic and diluted share for the same period a year ago. Net capital expenditures were $54,297,000 compared to $260,249,000 for the same period a year ago. Total net debt at the end of the period was $253,736,000 compared to $383,409,000 for the same period a year ago. For the quarter, the company announced daily production of oil equivalent of 20,869 boe/d compared to 28,682 boe/d for the same period a year ago. Production volumes were lower than during the same periods in 2013, impacted by both the asset sales, plus approximately 1,000 boe per day of heavy oil and non-Montney gas production that became uneconomic in the current commodity price environment and was shut-in during the quarter. For the full year, the company announced daily production of oil equivalent of 24,205 boe/d compared to 27,451 boe/d for the same period a year ago. Production volumes were lower than during the same periods in 2013, attributable to the previously noted asset sales.

 

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Industry Analysis

CR

Industry Average

Valuation CR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.6x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.2x
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